Burberry jumped 3.5% as underlying sales fell 9% in the three months ended December, but the company said it remained confident in the future, buoyed by sales growth of 11% in Asia-Pacific stores.
Asian currencies and bonds have lagged as the prospect of more government spending under a Joe Biden administration pushed up US treasury yields earlier this month, reducing the appeal of some of the region's high-yielding government debt.
The Chinese yuan clung to modest gains in offshore trade at 6.4757 to the dollar ahead of a monthly interest rate fixing where traders expect no change in either one-year or five-year loan prime rates.
She also received the endorsement of all former Treasury secretaries, from George Schultz to Jack Lew, who urged senators in a letter to swiftly confirm Yellen's nomination.
The Philippines, which has been battling one of the worst COVID-19 outbreaks in Southeast Asia, is set to buy 20 million doses of Moderna's COVID-19 vaccine.
In prepared testimony at her confirmation hearing, Yellen said her task as Treasury chief will be to help Americans endure the final months of the coronavirus pandemic.
Neither the president-elect, nor I, propose this relief package without an appreciation for the country's debt burden.
But Axi strategist Stephen Innes said vast financial support from the Fed, government spending and the vaccine rollout "still points to gleaming days ahead".
"I think the dollar and financial markets will be less of a focus, in terms of verbal rhetoric, for the Treasury secretary and the key focus will be getting policy implemented in terms of fiscal relief."
Biden's pick for Treasury Secretary, Janet Yellen, is expected to rule out seeking a weaker dollar when testifying on Capital Hill on Tuesday, the Wall Street Journal reported.
A review of what went wrong and measures to boost the market's resilience could be among the first regulatory challenges for incoming Treasury Secretary Janet Yellen.
The deepest and most liquid market in the world, Treasury securities sit at the heart of the global financial system