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    MORNING BELL: Dollar drifts higher in holiday-thinned trade

    The dollar was slightly firmer against a basket of major currencies early on Tuesday, advancing against the euro and sterling in thin trade with several key financial centers closed for holidays. Sterling stayed on the defensive just days before Britons vote in the closest-fought electoral race in recent history. 

    Asian shares inched cautiously higher on Tuesday as investors wagered Australia would become the latest country in the region to inject more policy stimulus into its economy.

    Liquidity was lacking, with markets in Japan, South Korea and Thailand on holiday and little in the way of major economic data on the docket for Tuesday. U.S. stocks finished modestly higher Monday, building on the previous session’s solid gains. The main indexes climbed amid low volatility and lower-than-usual volumes.

     

     


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