US defense official: Commercial vessel is in flames in Red Sea after Houthi’s missile attack

In further evidence of escalating tensions between the United States (US) and  Iran-backed Houthi rebels in Yemen, a US defense official stated on Tuesday that the Houthi-controlled Yemen fired a land-based cruise missile, leaving a commercial vessel in flames in the Red Sea.

“US navy vessel Mason arrived at the scene to offer assistance following the attack, no casualties reported,” the defense official added.

GBP/USD attracts some buyers above the mid-1.2500s ahead of UK employment, US CPI data

The GBP/USD pair recovers some lost ground during the early Asian trading hours on Tuesday.
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USD/CAD continues to lose ground on the subdued US Dollar, trades near 1.3560

USD/CAD continues its losing streak for the third successive day as the US Dollar Index (DXY) turns negative post two days of gains.
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