The dollar extended its climb back from one-year bottoms on Monday. As hawkish remarks from Federal Reserve (Fed) members stoked new concerns about interest rate increases.

Given that several central banks in the region have already stopped raising interest rates in response to softening inflation and slowing economic development.

The PBOC, which held mid-term lending interest rates at record lows prior to a crucial data on 1st qtr economic development due on Tuesday.

Data on industrial output and retail sales are also coming on Tuesday. And the People’s Bank of China will decide this week on the crucial loan prime rate.

The Australian dollar stayed unchanged prior to the release on Tuesday of the Reserve Bank’s April meeting minutes.

Prior to the release of the wholesale pricing index inflation data later in the day. Which is predict to show further decrease in inflation, the Indian rupee also experienced sideways trading.