The dollar recouped some of its losses on Tuesday, supported by reports that the U.S. administration may ease planned tariffs, although investor caution lingered over whether a meaningful de-escalation in the U.

A flight from U.S. financial assets prompted by President Trump’s trade war is subsiding as the White House appears increasingly keen to strike a new trade deal with top U.S. trading partner

The dollar was rising, boosted by hopes for a de-escalation in the global trade war. "President Trump has dialed down the trade rhetoric and his comments suggest that he wants a trade deal done with the major trading partners,