• Major currencies traded in a narrow range ahead of the release of minutes from the Fed's March meeting when it raised interest rates, and before the big U.S. jobs report on Friday.
The dollar edged 0.1 percent higher to 110.82 yen JPY=D4 against the Japanese currency. The dollar index .DXY, which tracks the greenback against a basket of six trade-weighted peers, was broadly flat at 100.49. The euro EUR=EBS was a shade stronger at $1.06810.
• The U.S. trade deficit fell from a near two year high in February as slowing domestic demand weighed on imports and stronger global growth boosted exports of American goods.
The Commerce Department said on Tuesday the trade deficit declined 9.6 percent to $43.6 billion, also as exports increased to their highest level in more than two years.
• President Donald Trump vowed on Tuesday to cut red tape to speed up approval of infrastructure projects and said his overhaul could top $1 trillion on roads, tunnels and bridges, one of his 2016 election campaign promises.
Trump said building a highway can require dozens of approvals and take 10 to 20 years, a process he vowed to speed up. Trump said he would not fund projects that cannot be started within 90 days.
• U.S. President Donald Trump said on Tuesday that his administration is working on changes to Dodd-Frank banking regulations that will make it easier for banks to loan money.
• Richmond Federal Reserve President Jeffrey Lacker abruptly left the U.S. central bank on Tuesday after admitting that a conversation he had with a Wall Street analyst in 2012 may have disclosed confidential information about Fed policy options.
• Crude rose to a four-week high on forecasts that U.S. supplies fell and reports of a North Sea oil-field shutdown.
West Texas Intermediate for May delivery rose 79 cents to $51.03 a barrel on the New York Mercantile Exchange. That was the highest close since March 7.
Brent for June settlement rose $1.05, or 2 percent, to $54.17 a barrel on the London-based ICE Futures Europe exchange. It was also the highest close since March 7. It ended the session at a $2.66 premium to June WTI.
Reference: Reuters, Bloomberg
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