The dollar slid on Tuesday as U.S. treasury yields paused in a relentless climb higher, providing brief relief to share markets and helping the euro and sterling move further off multi-year lows.
The Australian dollar was also in focus, sinking about 1% after the nation's central bank surprised markets with a smaller-than-expected interest rate hike, before recovering and catching onto the broad recovery in risk sentiment.
MUFG flagged the New Zealand dollar up 2.6% since the start of the week and Norwegian crown , up 3%, as particular beneficiaries. The benchmark 10-year Treasury yield was lat 3.5677%, down sharply from last week when it briefly poked above 4%. Elsehwere the dollar was little changed, at 144.7 against the yen , keeping below 145 after briefly popping above that level on Monday for the first time since Japanese authorities intervened to support their currency on Sept. 22.for "decisive" steps in the foreign exchange market if "sharp and one-sided" yen moves persisted.
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