By Gina Lee

Investing.com – The dollar was down on Tuesday morning in Asia and the remained near an almost one-month low. All eyes are now on whether China Evergrande Group (HK:) will default on its upcoming due payments.

The that tracks the greenback against a basket of other currencies inched down 0.09% to 93.172 by 11:04 PM ET (3:04 AM GMT). Overnight, the index rose to 93.455 for its first time since August 23.

The pair edged up 0.20% to 109.60.

The pair edged up 0.19% to 0.7264, with the releasing the minutes from its latest policy meeting earlier in the day.

The pair inched down 0.09% to 0.7017 after Reserve Bank of New Zealand assistant governor hinted that the central bank would move in 25 basis point increments, pouring cold water on the widely expected 50 basis point hike.

Meanwhile, New Zealand’s was at 102.7 for the third quarter of 2021.

The pair was steady at 6.4662. For the first time since Aug. 23, the Chinese market closed and the yuan dropped to 6.4879 Monday.

The pair inched up 0.07% to 1.3666.

China Evergrande will pay an $83.5million interest payment on Thursday on one of its bonds. It also has $305 billion worth of liabilities.

“It feels like the market was waiting on something from the Chinese authorities over the weekend to calm the markets and ringfence the contagion worries from a looming Evergrande default, and that didn’t come,” Pepperstone head of research Chris Weston said in a note.

“Traders sense a credit event is coming” and moves in Hong Kong’s could dictate the direction for the Australian dollar and other commodity-linked currencies in the short term, the note added.

The dollar could reach 6.60 per yuan in the next month for the first time since November 2020, according to Wells Fargo (NYSE:) analysts.

Investors are also waiting for the Wednesday announcement of the, which will be made public on Wednesday. Dollar has seen an increase in confidence due to expectations that the Fed might begin asset tapering earlier than originally expected.

The also hands down its policy decision on Wednesday, with the following a day later.

CTV News reports that Canada’s current Prime Minister Justin Trudeau has been elected to his third term.