• The dollar steadied on Tuesday as investors widely expect the Federal Reserve to raise interest rates next week and are waiting for clues on the likely pace of hikes, including this week's U.S. job data.
The dollar index, which measures the greenback against a basket of six major peers, last traded at 101.65, ticking up from a one-week low of 101.22 on Monday.
A Fed policy decision is due at the end of its March 14-15 meeting. Fed Chair Janet Yellen said on Friday raising interest rates this month would be appropriate, if jobs and inflation data hold up.
• China's plan to advance its manufacturing capabilities is drawing criticism from one of its major trade partners.
The initiative, "Made in China ," calls for China to upgrade its industrial base, and it could kill the country's need to import goods and services from Europe, according to a new report by the European Union Chamber of Commerce in China. That means Europe stands to lose a chunk of the billion euros it currently earns in exports to the world's second-largest economy.2025170
• Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non-OPEC members.
As of 0545 GMT, brent crude LCOc1 was down 11 cents, or 0.2 percent, at $55.90 a barrel, with a firmer dollar, unchanged against a basket of other currencies .DXY, putting some pressure on dollar denominated oil prices.
U.S. West Texas Intermediate crude CLc1 eased 5 cents, or 0.1 percent to $53.15 a barrel.
Reference: Reuters, CNBC
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