Safe-haven dollar sinks as Asian equities rally; Aussie, yuan jump

Safe-haven dollar sinks as Asian equities rally; Aussie, yuan jump

TOKYO - The safe-haven dollar slid to a three-week low versus major peers on Tuesday amid improved risk sentiment as Asian equities followed U.S. tech shares higher, and on signals China's property market woes will be contained. The risk-sensitive Aussie dollar jumped, along with the Chinese yuan. The dollar index, which measures the greenback against six peers, sank as low as 93.641 for the first time since Sept. 28, breaking below its recent range. It was last 0.26% lower at 93.690. An index of Asia-Pacific shares advanced about 1%, led by a rally in tech stocks. Chinese blue chips .CSI300 also jumped about 1%. Fears about contagion from property giant China Evergrande's debt troubles receded after some of its peers made bond coupon payments this week, and policymakers said late last week that the situation was controllable. The onshore yuan jumped as high as 6.4105 per dollar, the strongest since June 16, while in offshore trading it reached 6.3975, also the highest since June 16. The Aussie rose as high as $0.7474 for the first time since Sept. 3, even after minutes of the Reserve Bank of Australia's September meeting showed that policymakers are concerned monetary tightening could harm the