The US major lost ground across the board today in Asia along with its Japanese rival as a rally in most Asian stocks lifted traders’ risk appetite and thus reduced demand for safe-haven currencies. In equity front, Hong Kong's Hang Seng climbed by 1%, China's Shangai composite index soared by 1.3%, Australia's S&P 200 index advanced by 0.7% and the All Ordinaries index was 0.6% higher, New Zealand's NZX 50 index gained 0.6%, South Korea's composite index roseby 0.3% and Taiwan's main index advanced by 0.41%. The US dollar also edged slightly lower against their European major rivals on Tuesday in Asia. The greenback dropped to as low as 1.0528 against the Swiss franc, 1.5269 against the pound and 1.2975 against the euro before moving on hold around 11:25 pm ET. The greenback that closed yesterday's deals at 1.5231 against the pound, 1.0553 versus the Swiss franc and 1.2943 against the euro is currently quoted at 1.5261, 1.0540 and 1.2970, respectively. On the other hand, versus the Japanese unit dollar gained slightly, touching the level of 87.15 before moving sideways around 11:40 pm ET, compared to 86.70 seen at yesterday’s North American close. usd/JPY rally is presently quoted near 87.10.

Source