Last week, the magazine Closer alleged Mr Hollande was having an affair with film actress Julie Gayet.
Mr Hollande did not deny the report but protested at invasion of his privacy.
His partner Valerie Trierweiler remains in hospital after having been admitted on Friday.
Her aides told French media that she had suffered "shock" after seeing the revelations.
She had been expected to leave hospital on Monday, but her aides said doctors had told her she needed more rest.
Tuesday's press conference, scheduled for 16:30 (15:30 GMT), is a long-planned event aimed at unveiling new policies to help France's struggling economy.
Mr Hollande is expected to outline ideas to stimulate growth and combat record high unemployment.
More details will be given on a proposed "responsibility pact", which would introduce tax cuts for firms in return for a commitment to hire more workers.
There is a public aspect to the allegations by Closer insofar as they touch on whether or not Ms Trierweiler is still first lady.
She has an office in the Elysee Palace with six staff - popularly known as "Madame's domain" - which is
supported by public money.
However, Tuesday's news conference is likely to be highly stage-managed, the BBC's Hugh Schofield in Paris reports.
While there may be one or two questions about the president's private life, Mr Hollande is likely to have a prepared response and the conference will quickly move
on to the economy, our correspondent says.
The foreign press will likely be much more interested in the affair than their domestic counterparts, he adds.
Closer alleges Mr Hollande was having a secret affair with actress Julie Gayet
'Recovering from shock'
He has not denied the report in Closer but has protested at the invasion of his privacy.
The president and Ms Trierweiler have been together since 2007.
She lives with the president in his official residence, the Elysee Palace.
Ms Trierweiler's aides said she went to hospital on Friday for "rest and some tests".
On Monday, an aide told Europe 1 broadcaster: "The doctors will determine when she can be dismissed from hospital. She needs to recover from the shock she has
suffered."The French media face strict privacy laws, but the tradition of secrecy over the private lives of public figures has been steadily eroded in recent years.
On Friday, Closer printed a seven-page article about the alleged affair between Mr Hollande and Ms Gayet.
It was illustrated with photos showing a man said to be the president visiting a flat near the Elysee Palace at the same time as Ms Gayet.
Mr Hollande, who has never married, left his previous partner, fellow Socialist politician Segolene Royal, to be with Ms Trierweiler.
The scandal comes at a difficult time for Mr Hollande, with opinion polls already suggesting he is one of the most unpopular French presidents ever.
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