By Gina Lee

Investing.com – The dollar was up on Tuesday morning in Asia. After a Snapchat profit warning, U.S. stock markets fell and this asset was redeemed as a safe haven. The yen also gained some strength.

That tracks the greenback against various currencies gained 0.15% by 12:00 AM ET (4:10 PM GMT).

The pair edged down 0.13% to 127.70, with the   for May 2022 at 53.2. Japan released the same month.

Both the pair fell 0.32%, to 0.7084, and 0.46%, to 0.6437. New Zealand’s grew 0% quarter-on-quarter in the first quarter of 2022, while contracted 0.5% quarter-on-quarter.

Both the pair edged up by 0.12% at 6.6585, while the pair fell by 0.20% at 1.2563.

Following Monday’s fall of 0.85%, the U.S. currency recovered its losses. It was still well below the 105 mark that it reached during the middle months. However, the dollar was able to slip against Japanese yen.

Atlantic: The euro dropped 0.21% at $1.0672. But it didn’t fall much Monday’s 1.177% increase. After Christine Lagarde (European Central Bank President) stated that euro-area policymakers would likely lift the deposit rate to positive territory by September 2022, however, euro was still down 0.11%.

U.S. stock options showed a drop of 0.81% and a decline of 1.41% respectively for the Nasdaq at restart. These numbers take the spotlight off a Monday session which saw the indexes increase by 1.86% compared to 1.68% on Monday. Snapchat owner issue an after-the-bell profit warning Snap Inc . The stock also fell 28% during extended trading.

After reaching multi-year highs in the U.S. Treasury yields, the dollar is now falling. The market already prices in Fed easing.

Although there is little to no positive news for the global economic, the Chinese city Shanghai will likely lift its lockdown soon. And the U.S. Vice President Joe Biden made comments earlier this week about possible easement of China’s trade war, which lifted dollar risk sentiment.

Investors will now be watching for other manufacturing PMIs around the world.

Joseph Capurso, strategist at Commonwealth Bank of Australia told Reuters that if the data are good, it should maintain the trend for an easing dollar in global recovery from shocks.

“The U.S. dollars are at the peak, and commodity currencies like Australia’s dollar are at the bottom. However, it is going to be rough.”