The Australian dollar lost 1 percent to $0.7338 AUD=D4, giving up earlier gains made on a rebound in commodity prices. The Aussie is often used as a liquid proxy of China trades.
As
the U.S. dollar gained amid the yuan's slide, the euro was also nudged
lower although it drew underlying support on optimism towards Greece
sealing a multi billion-euro bailout deal with its lenders.
The euro was down 0.4 percent at $1.0977 EUR= after touching a 10-day high of $1.1041 EUR= overnight.
"Prospects of this specific Greek bailout deal going through are supporting the euro. But these are developments taking place after Greece and its lenders reached a broad agreement last month, and dollar-side factors are likely to determine the direction of the pair in the longer run," said Shinichiro Kadota, chief Japan FX strategist at Barclays in Tokyo.
Athens and its international creditors could reach a bailout accord by Tuesday and keep the heavily-indebted country solvent. The dollar index .DXY rose 0.3 percent to 97.451 to almost pare overnight losses.
The Canadian dollar CAD=D4 fell 0.6 percent to C$1.3077 against the US dollar after gaining 1 percent overnight on a bounce in oil prices.
Oil prices, which have heavily influenced commodity currencies like the Canadian dollar, resumed their fall on Tuesday. A weaker Chinese currency may support the country's exports but it is also seen weakening its ability to import commodities like oil.
The dollar was steady at 124.715 yen JPY= after being nudged off a high of 124.785 overnight.
The euro was down 0.4 percent at $1.0977 EUR= after touching a 10-day high of $1.1041 EUR= overnight.
"Prospects of this specific Greek bailout deal going through are supporting the euro. But these are developments taking place after Greece and its lenders reached a broad agreement last month, and dollar-side factors are likely to determine the direction of the pair in the longer run," said Shinichiro Kadota, chief Japan FX strategist at Barclays in Tokyo.
Athens and its international creditors could reach a bailout accord by Tuesday and keep the heavily-indebted country solvent. The dollar index .DXY rose 0.3 percent to 97.451 to almost pare overnight losses.
The Canadian dollar CAD=D4 fell 0.6 percent to C$1.3077 against the US dollar after gaining 1 percent overnight on a bounce in oil prices.
Oil prices, which have heavily influenced commodity currencies like the Canadian dollar, resumed their fall on Tuesday. A weaker Chinese currency may support the country's exports but it is also seen weakening its ability to import commodities like oil.
The dollar was steady at 124.715 yen JPY= after being nudged off a high of 124.785 overnight.
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