Existing home sales in the U.S. unexpectedly increased in the month of September, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales jumped by 1.5 percent to an annual rate of 3.99 million in September after plunging by 3.2 percent to a downwardly revised rate of 3.93 million in August.

The International Monetary Fund upgraded its global growth outlook despite concerns over a more persistent energy market disruption than anticipated due to tensions in the Middle East. In the World Economic Outlook, released Tuesday, the IMF lifted its global growth outlook for this year to 3.1 percent from 3.0 percent estimated in July. But this was weaker than the 3.5 percent growth in 2025.

Australia's business sentiment deteriorated for the third straight month in September amid concerns about higher interest rates, global uncertainty and elevated fuel costs, monthly business survey results from the National Australia Bank showed Tuesday. The business sentiment index fell to -13 from -9 in August. At the same time, the business conditions index was unchanged at 1 point in September.

The U.S. Dollar rallied further during the week ended October 9 as markets digested the hawkish minutes from the recent FOMC that revealed a Fed focused on inflation combat.

The U.S. dollar strengthened against other major currencies in the European session on Monday, as trader are pricing out the likelihood of a rate hike at the Fed meeting in late October, although expectations for a 25-basis-point increase in December are still firmly on the table.