Most Asian currencies traded in tight ranges on Tuesday while the U.S. dollar remained resilient, as investors weighed the fallout from fresh U.S. tariff measures.

The US Dollar Index firmed 0.2% in Asian hours after closing largely flat overnight, having pared earlier losses.

Gold prices rose on Friday, after disappointing readings on U.S. inflation and growth reinforced expectations that the Federal Reserve would not cut interest rates. 

Investors also assessed the ramifications for precious metals from the Supreme Court’s ruling striking down President Donald Trump’s sweeping tariffs. Meanwhile, heightened U.S.-Iran tensions also boosted safe-haven demand.

The U.S. dollar slipped on Friday, as traders assessed the fallout from the Supreme Court’s ruling striking down President Donald Trump’s sweeping tariffs. Still, the currency was set for its best weekly gain since November, boosted by a more hawkish Federal Reserve outlook and elevated tensions between the U.S. and Iran.

At 17:31 ET (22:31 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower to 97.72. 

Oil prices moved in tight ranges in holiday-thinned trade Tuesday, with focus squarely on nuclear negotiations between the U.S. and Iran.

At 08:10 ET (13:10 GMT), Brent oil futures for April rose 0.1% to $68.71 a barrel, and West Texas Intermediate crude futures rose 1.4% to $63.65 a barrel.