The U.S. dollar weakened against most G10 currencies as Treasury yields retreated from near multi-decade highs and oil prices stabilized. According to Sina Finance, the dollar spot index fell 0.2% to 1220.18, while the 10-year U.S. Treasury yield dropped 3 basis points to 5.27%.

Brent crude futures fell as much as 3.3% to $97.06 a barrel before trimming losses. According to Sina Finance, increased Middle East exports and Saudi Arabia's lower selling prices indicated looser market supply.

The euro rose 0.3% to 1.1245 against the dollar after falling to a 17-month low on Monday. According to Sina Finance, sterling gained 0.4% to 1.3277, while the dollar fell 0.2% to 158.24 against the yen.