Asian currencies gain against US dollar
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Singapore
THE US dollar retreated in Asia Tuesday in cautious trading as investors awaited the release of key US economic data that could influence a Fed decision on interest rates.
The Australian dollar also gained against the US currency after the Reserve Bank of Australia held interest rates at a record low 2.0 per cent, but kept the door open for further easing as the economy slows on softening Chinese growth. Japanese markets were closed on Tuesday.
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