Dollar recovers from 13-month low on strong PMI readings, Asia stocks tread water

The dollar held above a 13-month low on Tuesday after readings on U.S. factory and services activity beat expectations ahead of the start of a Federal Reserve meeting later in the day, but Asian stocks were subdued with few catalysts to drive them.The dollar and U.S. Treasury yields rose on expectations the Fed will signal its readiness to begin reducing its bond portfolio at its September meeting. The dollar index, which tracks the greenback against a basket of six major peers, was steady at 93.951 on Tuesday, up from Monday's low of 93.823, its lowest level since June 2016. Nifty Trading Tips

The dollar was little changed at 111.065 yen on Tuesday, after touching a six-week low on Monday. The 10-year U.S. Treasury yield was at 2.2499 percent on Tuesday, not far from Monday's close of 2.253 percent and above Friday's three-week low of 2.225 percent. On Monday, Markit's U.S. manufacturing and services flash surveys both beat expectations, while euro zone business growth at the start of the second half of the year slowed. The euro, which posted losses on Monday after earlier hitting a near two-year high, inched up 0.1 percent to$1.1653. Future & Option Trading Tips