Analysts say that is primarily because investors are becoming accustomed to Trump's dramatic negotiation style, in which he makes drastic calls before making compromises, and are increasingly seeing his North Korean counterpart, Kim Jong Un, adopt a similar approach.
Bank of England Governor Mark Carney said on Tuesday that surveys showed households and firms largely expected a rate hike in 2018 and more increases "at a very gentle pace relative to history" after that.
On Monday, the U.S. Commerce Department slapped steep import duties on steel products, mainly cold-rolled and corrosion resistant steel, from Vietnam that originated in China.
The euro held steady at $1.1787. On Monday, it fell to as low as $1.1717, touching its lowest level since around mid-November, but later regained some footing.
Crude prices have received broad support from voluntary supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) aimed at tightening the market.
For now the euro also faced pressure from a bullish dollar, which has been boosted this week as US benchmark yields broke above the 3 percent threshold to a seven-year high.
The Australian dollar was largely flat at $0.7467 after sliding 0.7 percent overnight. The New Zealand dollar, which fell about 0.75 percent the previous day to a five-month trough of $0.6855, last traded at $0.6882.
Against the yen, the dollar rose 0.1 percent to 109.74 yen . The greenback faces resistance on technical charts at levels around 110.00 yen, having set a three-month high of 110.05 yen in early May.
At present, ArcelorMittal is in the race to acquire debt-laden Essar Steel, currently undergoing insolvency proceedings as it owes more than Rs 45,000 crore to over 30 banks.
This week the gap between US and German 10-year government bond yields has hit its widest in 29 years and the US-Japanese 10-year yield spread reached its broadest in nearly 11 years.
Across client groups, the World Bank Group will be able to support drivers of long-term sustainable growth, including investments in human capital and resilience, the statement said.
Analysts say the main risk to China's economy is now centred on the escalating trade dispute with the United States. Washington and Beijing have threatened tit-for-tat tariffs in recent weeks, stemming from U.S. accusations of unfair Chinese trade practices.
Brent crude for June delivery was down 45 cents, or 0.66 percent, at $67.88 per barrel at 0645 GMT. U.S. West Texas Intermediate crude for May delivery was down 41 cents, or 0.65 percent, at 63.13 a barrel.
In a public letter published ahead of its unorthodox listing in New York, Chief Executive Daniel Ek cautioned employees and fans that "Sometimes we succeed, sometimes we stumble" and "I have no doubt that there will be ups and downs."
In the United States too, expectations of faster pace of tightening have been receding after the Fed last week stuck to its projection that three rate hikes are most likely this year, including the one it made in March.
The Trump administration has demanded that China immediately cut its $375 billion trade surplus with the United States by $100 billion, a position seen by some as an opening tactic in a long negotiation.
Financial oil markets have long been dominated by Europe's Brent and America's WTI, despite Asia being the world's biggest and fastest growing oil consumer, has so far not had a benchmark. That possibly changed on Monday, as Asia saw the launch of Shanghai crude oil futures .
Fears of a trade war mounted this month after US President Donald Trump first slapped hefty tariffs on steel and aluminium imports, and then on Thursday specifically targeted China by announcing plans for tariffs on up to $60 billion of Chinese goods.
Tokyo stocks also continue to be pressured by a cronyism scandal that has gripped the country and sparked a political crisis for Prime Minister Shinzo Abe.
The Swiss franc was little changed at 0.9467 franc per dollar after gaining 0.55 percent against the greenback last week. The euro edged higher at $1.2364 after rising 0.5 percent last week.