The dollar advanced across the board on Tuesday as oil and U.S. Treasury yields recovered from earlier lows and the Nasdaq's intraday record high emphasized the U.S AI investment story.

EUR/USD slid to a two-month low of 1.1429 after opening New York near 1.1465. Technicals remain skewed to the downside, with daily and monthly RSIs, along with 15-month Bollinger bands, pointing to negative momentum. The end of a consolidation phase following the September 9 high, combined with the pair's hold below a cluster of daily moving averages and the 61.8% Fibonacci retracement of the 1.1325-1.1711 range, reinforced the bearish technical picture.

Sterling extended its slide, falling to 1.3322 with fiscal risks remaining in focus as gilt yields held above 5% and the Autumn Budget loomed on the calendar for October. Money markets price 53% odds of an October Fed hike versus 60% for a November BoE move. Support for cable is seen at 1.3322, the big-figure 1.3300, and the July 28 low of 1.3274. Resistance sits at the daily cloud base of 1.3356 and Tuesday's high of 1.3386.

AUD/USD dropped to 0.7093 before settling near 0.7110. Consolidation following the fall from the September 9 peak adds to bearish RSI signals and the pair's position below its 10- and 21-DMAs.

USD/JPY firmed as Brent crude pushed back above $100/bbl at one point during the session, though conviction remained limited, with the pair likely to stay range-bound given capped topside following Friday's rate-check.

The S&P 500 was trading 0.03% higher in New York afternoon.

WTI crude oil fell 1.83%.

Copper was up 1.58%.

Gold edged up 0.21%.

Heading toward the close: EUR/USD -0.18%, USD/JPY +0.10%, GBP/USD -0.26%, AUD/USD -0.11%, DXY +0.18%, EUR/JPY -0.11%, GBP/JPY -0.17%, AUD/JPY +0.03%.(Burton Frierson)