EUR/USD
The euro slipped below 1.07 against the U.S. dollar on Tuesday reaching a 12-year low, as uncertainty of the euro zone's bond buying program combined with expectations of a pending interest rate hike by the U.S. Federal Reserve. According to a report by Deutsche Bank (XETRA:DBKGn), the euro's exchange rate against the dollar will fall to $0.95 by 2017, taking the single currency back below parity for the first time in more than a decade.
GBP/USD
The pound dropped against the U.S. counterpart on Tuesday, as growing expectations for a near-term U.S. rate hike continued to lend broad support to the greenback.
USD/JPY
The dollar rose to 11-and-a-half year peaks against the yen on Tuesday as the monetary policy outlook between the Federal Reserve and central banks in Japan continued to diverge.