SINGAPORE, Dec 5 (Reuters) - Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates and waited on U.S. jobs data.
The Australian dollar fell 0.5% after the central bank left interest rates on hold, as expected, and emphasised that the future direction rates would depend on data.
Japan's Nikkei (.N225) was dragged 1% lower to a three-week trough, mostly thanks to falling chipmaking stocks.
Treasuries had come under a little pressure overnight as traders calibrated pretty aggressive pricing for U.S. interest rate cuts.
The Reserve Bank of Australia left interest rates on hold and said, as it had a month ago, that future rate settings would depend on data.
Persons:
Treasuries, Kim Coghill
Organizations:
Japan's Nikkei, ANZ, New, Reserve Bank of Australia, Brent, U.S . Department of Agriculture, Thomson
Locations:
SINGAPORE, Asia, Pacific, Japan, Hong Kong, New Zealand, Tokyo, China