The U.S. dollar steadied on Tuesday as rising coronavirus cases and doubts over the speed and size of U.S. stimulus tempered traders' upbeat mood, while investors were also cautious ahead of the Federal Reserve's policy review later in the week. Bonds held gains though hard-running equity markets cooled in Asia, and the cautious move into safer assets held the dollar index at 90.353, roughly in the middle of a range it has kept for the past two weeks. The common currency took a knock on Monday from slumping German business morale, and nursed those small losses to trade around $1.2142 in the Asia session.
Tokyo has revised its contact-tracing strategy to prioritise outreach to higher-risk individuals affected by coronavirus, according to a letter sent by the metropolitan government to public health authorities last week. The change comes as a third wave of the pandemic overwhelms Japan's public health centres, which handle everything from tests and tracing to finding hospital beds. Public health officials and doctors have lobbied for months for authorities to increase testing to ensure early detection and contain the spread of the virus.
Vietnam's ruling Communist Party chief Nguyen Phu Trong hailed booming economic development and containment of the COVID-19 pandemic as major achievements on Tuesday as he presided over the opening of a key party congress in Hanoi. Over nine days of meetings, mostly behind closed doors, delegates will pick a new leadership team, aiming to bolster Vietnam's ongoing economic success - and the legitimacy of the Party's rule. Party congresses take place once every five years.