The dollar gained against the euro and yen in quiet trade on Tuesday, while the Australian dollar tumbled on central bank hints of more room to ease and fears about China's growth. The Aussie was also undermined by minutes from Australia's central bank, which were deemed as dovish as they suggested that the bank has ample room to ease policy should conditions worsen.
Against the US dollar, the Australian dollar slid to $1.0492, down 1.1 percent for the day, while the New Zealand dollar slumped 1.3 percent to 0.8158. The euro last traded at $1.3224, down 0.1 percent on the day, not far from a one-week high near $1.3266 hit on Monday, with support at the 100-day moving average around $1.3199.
The dollar index rose 0.2 percent to 79.601, recovering from a one-week low hit the previous day. The dollar rose 0.3 percent to 83.58 yen, moving back toward an 11-month high of 84.187 hit last Thursday on trading platform EBS, while the yen hit a fresh four-month low versus the euro of 110.82 yen.
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