Stocks drift, dollar steadies as focus shifts to Asian currencies

Global stocks held tight ranges on Tuesday and the dollar clawed back some of its recent losses against Asian counterparts as investors revived concerns about U.S. tariffs and their impact on economic growth. Those worries coupled with pledges from key oil producers to boost supply also kept crude prices languishing near four-year lows. The focus in Asia has shifted to currencies following the Taiwan dollar's surge in recent sessions, which has stoked speculation that a revaluation of regional foreign exchange was on the cards to win U.S. trade concessions.