SYDNEY, Australia - The U.S. dollar tanked on Tuesday in Asia due to what appears to be a looming trade war between the U.S. and China.
There was little movement in stocks, with indices closing the day mixed.
The euro dived to 1.1150 by the close in Sydney on Tuesday. The British pound plummeted to 1.2691.
The Japanese yen and Swiss franc remained weak at 110.11 and 1.0099 respectively.
The Canadian dollar was little changed at 1.3427.
The Australian dollar however gave up all its gains of the previous day, following the surprising Federal election result. The Aussie was last quoted on Tuesday in Sydney at 0.6877.
The New Zealand dollar sank further, last fetching 0.6508.
In Tokyo, the Nikkei 225 lost 29.28 points or 0.14% to 21,272.45.
The Shanghai Composite gained 35.36 points or 1.23% to 2,905.97.
The Australian All Ordinaries added 19.70 points or 0.30% to 6,584.50.