The dollar pared gains on Tuesday after data showed that U.S. job openings fell in March while factory orders came in below economists' expectations, a day before the Federal Reserve is expected to hike rates by an additional 25 basis points.

Tesla Inc was the biggest loser among top companies by market capitalisation in April, hit by disappointing quarterly earnings after it posted the lowest quarterly gross margin in two years.

For all the assertions that the pandemic and the inflation surge that followed it have put an end to the low-interest-rate era, key officials at the Federal Reserve and elsewhere still see a return to that world as a likely outcome down the road.

The euro dipped after several data points underscored market expectations of a smaller 25 basis point ECB hike this week, while the Aussie dollar leapt over 1% against the dollar on Tuesday after a surprise central bank rate increase.