• The euro pulled back from recent six-month highs on Tuesday, but remained well-supported as fading worries over political populism and signs of improving economic conditions in Europe bolstered investor confidence.
The euro fell to $1.0921 from $1.1024, its highest level in six months, hit in early Monday trade on relief after centrist Emmanuel Macron's victory in France's presidential election.
"The euro's retreat was driven solely by profit-taking. I think it is going to regain momentum over time," said Yukio Ishizuki, senior currency analyst at Daiwa Securities.
• The dollar index, which measures the greenback against a basket of currencies, strengthened for a second consecutive session to trade at 99.113. Against the yen, the dollar traded at 113.14, its highest level it almost two months.
• Stocks are at record highs, the VIX is at a 10-year low, and while investors are relieved the French presidency did not go to an anti-euro candidate, new risks are filling the void.
Topping the list of market worries is China, which has been on the back burner for months now. Some weaker-than-expected data, however, has put spotlight on the country's economy.
Last week, PMI manufacturing data showed signs of slowing, and China's trade data overnight was weaker than expected, with misses both on imports and exports. Chinese inflation data was due Tuesday.
"I'm more concerned about the risks stemming from a China slowdown," said Jeff Kleintop, Charles Schwab chief global investment strategist.
• Asia-Pacific's long-term growth outlook remains the strongest in the world, but the medium-term picture is weighed down by an aging population and sluggish productivity, the International Monetary Fund (IMF) warned in a new report on Tuesday.
Regional economic output is projected to hit 5.5 percent this year and 5.4 percent in 2018, well above the organisation's global estimate of 3.5 percent in 2017 and and 3.6 percent in 2018, but "to sustain long-term growth, structural reforms are needed to deal with challenges from the demographic transition and to boost productivity," the IMF said.
• South Koreans are voting in a presidential election, called early after a huge corruption scandal brought down their former leader. Left-leaning Moon Jae-in is the clear front-runner with centrist Ahn Cheol-soo his nearest challenger.
Polls close at 20:00 local time (11:00 GMT), with the winner expected to be announced soon after.
• Oil prices rose on Monday in volatile trading, bolstered by statements from major oil-producing countries suggesting that OPEC and non-OPEC supply cuts could be extended into 2018.
Benchmark Brent crude settled up 24 cents, or 0.5 percent, at $49.34 a barrel. U.S. light crude gained 21cents to $46.43 a barrel.
• Saudi Arabia's oil minister said on Monday that oil producers would "do whatever it takes" to rebalance the market and that he expected a global deal on cutting crude output to be extended to the end of 2017 or possibly longer.
Reference: Reuters, CNBC
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