• The dollar rose against the yen on Tuesday, pulling away from a recent four-month low, as concerns over tensions between the United States and North Korea eased for now, supporting risk appetite.
The dollar rose 0.6 percent to 110.26 yen, pulling away from a low of 108.72 yen set on Friday, its lowest level since April 19.
"If we continue to see the North Korea tensions kept in the background, there's some room for dollar/yen to tick up higher, perhaps to 111, maybe as far as112," said Sim Moh Siong, FX strategist for Bank of Singapore.
• The euro was 0.2 percent lower on the day against the dollar at $1.1757 EUR=, while the dollar index, which tracks the greenback against a basket of six major rivals, added 0.3 percent to 93.662 .DXY.
• Higher U.S. yields also gave the dollar a lift. The yield on the benchmark 10-year U.S. Treasury note US10YT=RR rose to 2.246 percent from its U.S. close of 2.218 percent on Monday.
• Market pricing for the odds of a December hike has moved back to roughly 50-50.
• The German economy grew by less than expected in the second quarter as net trade dampened an overall expansion which was driven by strong household spending and rising state expenditure, the Federal Statistics Office said on Tuesday.
Seasonally and calendar adjusted gross domestic product (GDP) in Europe's biggest economy rose by 0.6 percent on the quarter, the data showed. This was slightly weaker than the consensus forecast of 0.7 percent in a Reuters poll.
But the growth rate for the first quarter was revised up to 0.7 percent on the quarter from 0.6 percent.
• Japan's defence chief and foreign minister will meet their U.S. counterparts on Thursday to reaffirm Washington's commitment to defending Japan, including the use of its nuclear deterrent, as threats from North Korea intensify.
Japan's Minister of Defence, Itsunori Onodera, and Minister of Foreign Affairs, Taro Kono, travel to the U.S. capital this week for "two-plus-two" meetings with Defense Secretary Jim Mattis and Secretary of State Rex Tillerson, the Japanese government announced on Tuesday.
• North Korea offered a glimpse into its plans to fire missiles near Guam in photos released by its state media on Tuesday, as leader Kim Jong Un was briefed on the plans drawn up by the army amid heightened tensions with the United States.
Kim was seen holding a baton and pointing at a map reading "Strategic Force's Firing Strike Plan", which showed a flight path for the missiles appearing to start from North Korea's east coast, then flying over Japan and ending near Guam, as Pyongyang announced last week.
• Britain will not have agreed a figure with the European Union for its so called Brexit divorce bill by October, Brexit Secretary David Davis said on Tuesday.
• Thailand's prime minister and junta chief Prayuth Chan-ocha will visit the White House in October, Thailand's foreign minister said on Tuesday, adding trade and security would be on the agenda, the latest sign of warming ties between Bangkok and Washington.
• Oil prices steadied on Tuesday after sharp falls the session before to the lowest in about three weeks as a stronger U.S. dollar and a drop in Chinese refining runs hit the market.
Global benchmark Brent crude futures LCOc1 were up 3 cents, or 0.1 percent, at $50.76 at 0551 GMT. That was just above the contract's 100-day moving average, briefly breached in the previous session.
U.S. West Texas Intermediate crude futures CLc1 were down 1 cent at $47.58 a barrel.
• Singapore's non-oil domestic exports in July likely rose from a year earlier for a third straight month, supported by strength in electronics exports, a Reuters poll showed on Tuesday.
Non-oil domestic exports in July were expected to have increased 9.9 percent on an annual basis, according to the median forecast in the survey of 12economists.
Exports increased 8.2 percent from a year earlier in June, and edged up by a revised 0.4 percent in May.
Reference: Reuters
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