Asian shares edged higher on Tuesday, cruising in the slipstream of another record-setting day on Wall Street, while the safe-haven yen lost ground as traders stayed in riskier assets.
Oil prices cautiously extended gains on Tuesday, after surging more than 2% to their highest in a month a day before.Meanwhile the yen slipped to 114.87 per dollar, having touched a one-month low earlier in the session.
The dollar, also a safe haven, in turn lost ground on other currencies, for example the pound , which gained 0.5% on Monday and last traded near a five-week high of $1.3445. FRX However, the dollar was supported by a surge in short term U.S. Treasury yields. The two-year yield , rose as high as 0.758% in early Asian trading, its highest since March 2020, following weak demand in an auction for new two-year notes the day before.Spot gold was steady at $1,810 an ounce.
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