Coffee futures rose over one percent in American trade, shrugging off the dollar's rise against a basket of currencies, which follows a spate of data from America.
 
As of 08:44 GMT, coffee futures rose 1.54% to $151.85 a pound from the opening of $149.55, with an intraday high at $152.50, and a low at $149.50, while the dollar index rose 0.46% to 101.41 from the opening of 101.11.
 
Earlier data from the world's largest economy showed the flash manufacturing PMI for February down to 54.3 from 55.0 in January, revised lower from 55.1, while analysts expected 54.6.
 
The services PMI also fell to 53.9 from 55.6 in January, also revised lower from 55.1, while analysts expected 55.8, before Federal Reserve Bank of Philadelphia President Patrick Harker spoke about the economic outlook at the Wharton School of Business, in Pennsylvania earlier today.

Silver prices fell on Tuesday after the dollar surged versus a basket of currencies, heaping pressure on the white metal and triggering profit-taking operations after silver hit several highs recently.
 
Silver last traded at $18.02 an ounce, down from the opening of $18.05, with a session-high at $18.08, and a low at $17.81.
 
Silver's current drop comes as the dollar climbs against a basket of main rivals, raising pressure on the greenback-denominated white metal futures according to their inverse relation.
 
Traders started closing their positions on silver to take profits after seven consecutive weeks of gains, paving the ways for a due correction that might start in earnest after the release of the Fed's meeting minutes later this week. 
 
The dollar index, measuring the greenback against an array of six major counterparts, rose to 101.36 from the opening of 100.94, with an intraday low at 100.91, and a high at 101.60.

Crude prices surged to a six-week high on Tuesday after OPEC's statements about the members' commitment to cut output, while opening the door for more producers to join in the deal in order to achieve balance in the markets.
 
U.S. crude futures last traded at $54.60 a barrel, up from the opening of $53.54, with an intraday high at $55.00, and a low at $53.54.
 
OPEC's general secretary Muhammad Barkindo said that January data showed the producers' commitment to cut output, after enforcing 90% of the agreed upon cuts, stabilizing prices.
 
Barkindo also said that other countries could join in the deal to cut output to achieve global balance and underpin prices even as U.S. production increases.
 
Markets now await later U.S. crude inventory data, which could impact prices after today's surge and trigger profit-taking.

Sterling wavered on Tuesday after the British inflation report came out earlier today, showing the central bank's readiness to face all possibilities that might hit the British economy after its exit from the European Union, while inflation forecasts continue to rise.
 
GBP/USD last traded at 1.2471, compared to the opening of 1.2472, with an intraday high at 1.2482, and a low at 1.2402.
 
Bank of England's inflation report showed expected higher inflation in the coming period as the pound falls and crude prices rise, which could cause a policy change, possibly towards tightening to stave off inflation.
 
On the other hand, the pound was bound in a right range recently due to conflicting factors, as U.S. interest rates might rise soon, while concerns mount over the impact of Britain's exit from the European Union.
 
The BoE said the expectations are even regarding whether to hike or cut interest rates, which puts the pound into a flat path today amid mixed forecasts in the markets.