The US dollar recovered slightly from earlier falls but remained hovering around one-month lows against its main rival on Tuesday.
The currency market still maintained limited movement in a small range after going through a gloomy trading session on Monday following the holiday in the United States.
Against a basket of major currencies, the dollar index, which measures the strength of the greenback, traded around 102.53 in the Asian session.
US 10-year and two-year treasury yields rose higher to 3.82% and 4.75% at the opening of trade today.
Investors' focus will next be on Federal Reserve (Fed) Chairman Jerome Powell's testimony before the United States Congress on Wednesday and Thursday.
However, the market's attention is first focused on the publication of the minutes of the Reserve Bank of Australia (RBA) meeting and China's interest rate decision today.
The Aussie dollar and New Zealand dollar were trading flat at their strongest four-month and one-month highs against the greenback ahead of the issue, respectively.
Meanwhile, the euro also showed a flat movement but remained firm at a one-month high against the US dollar, still supported by the hawkish European Central Bank (ECB).
The pound continued to strengthen at its strongest level in nearly 14 months as investors now await UK inflation data on Wednesday and the Bank of England's (BOE) policy meeting on Thursday.
