Asian shares stutter, dollar rally pauses as Fed cues eyed
was down 1.7%, as geopolitical worries ahead of the Ukraine war's one-year anniversary and doubts around China's economic recovery weighed on equities.
"However, it is worth keeping an eye on the geopolitical front as the U.S. warned of consequences if China provides material support to Russia over the Ukraine war." The yield on the 30-year Treasury bond was up 1.1 basis points to 3.899%, while that of the two-year U.S. Treasury paper, which typically moves in step with interest rate expectations, was up 3.5 basis points at 4.658%.
In the currency market, the dollar was just shy of recent peaks as a three-week rally faded, with traders looking to European and U.S. manufacturing data later Tuesday and Friday's core PCE price index to help guide their next steps. /FRX
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