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SINGAPORE/SYDNEY (Reuters) -Funds in Australia's A$4.2 trillion ($2.7 trillion) pension sector are rethinking some of their long-held strategies of buying U.S. assets and the dollar, as confidence in American growth wanes. Volatility around Sino-U.S. trade tensions this year has forced investors to reassess their U.S. exposure and the role of the dollar, which has lately failed to behave as a safe haven currency amid heightened uncertainty around Washington's economic policy. While there have not yet been any major shifts in strategy, currency dealing desks in Australia have noticed modest changes in hedging demand from some pension funds.

(Bloomberg) -- Goldman Sachs Group Inc. lifted its US stock targets, as the easing of trade tensions between the US and China fuels a comeback of the “Buy America” trade.Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesLA Mayor Credits Trump on Fire Aid, Stays W

BEIJING (Reuters) -China offered fresh credit lines and visa-free travel to Latin America on Tuesday in its latest move to encourage greater engagement with the region, although Brazil said its neighbours must not rely too heavily on foreign economic powers. China will commit credit lines of just under $10 billion to Latin American countries to support development, but in yuan, President Xi Jinping said in a speech to kick off the China-CELAC Forum ministerial meeting that gathered Latin American and Caribbean officials in Beijing. The credit line, denominated in yuan, appears to be a push to further internationalise the Chinese currency, as China doubles down on deepening strategic and economic ties with Latin America.

TOKYO (Reuters) -A rally in Asian stocks ran out of steam and the dollar stuttered on Tuesday as resurgent worries about U.S. President Donald Trump's trade policies and their impact on the global economy kept risk sentiment in check. Futures for S&P 500 and Nasdaq were also slightly lower in Asia's afternoon, underscoring the cautious mood in the markets. "When all is said and done, tariffs will still be dramatically higher and will weigh on U.S. growth."

(Bloomberg) -- Traders are jittery going into Japan’s auction of 30-year government bonds Tuesday for any signs of a deepening selloff in the securities. Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesLA Mayor Credits Trump on Fire Aid, Stays Wary on Immigrati

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(Bloomberg) -- The temporary US-China trade truce dimmed the odds of a recession and sparked a selloff in Treasuries, raising the stakes for investors ahead of the release of inflation figures for the world’s biggest economy.Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Tr

SINGAPORE (Reuters) -The dollar retreated slightly on Tuesday but held most of its gains on lingering optimism over a tariff deal between the United States and China, which tapped the brakes on a trade war between the world's two largest economies. "It's way better than the market was expecting," said Rodrigo Catril, senior FX strategist at National Australia Bank. China's yuan scaled a six-month high, peaking at 7.1855 per dollar, which in turn lifted the Australian and New Zealand dollars.

SYDNEY (Reuters) -A measure of Australian consumer sentiment partially rebounded in May as the initial shock of U.S. President Donald Trump's tariff war faded a little, an improvement that should be underpinned by the latest truce with China. A Westpac-Melbourne Institute survey showed on Tuesday its main index of consumer sentiment bounced 2.2% in May, retracing some of the 6.0% dive suffered in April when Trump first announced his "reciprocal" tariffs. Matthew Hassan, Westpac's head of Australian macro-forecasting, said overall sentiment got a modest boost from the clear victory of the Labor government in a national election on May 3.

(Reuters) -Oil prices eased on Tuesday from a two-week high, weighed down by concerns about rising supplies and some caution over whether the pause in the U.S.-China trade war indicated a longer-term deal was likely. Brent crude futures dropped 11 cents, or 0.2%, to $64.85 per barrel by 0510 GMT. U.S. West Texas Intermediate (WTI) crude fell 8 cents, or 0.1%, to $61.87.