Meanwhile, the dollar has continued its slide ahead of the release of several critical U.S. economic reports due for release this week, including retail sales later on Tuesday, delayed payrolls data on Wednesday, and inflation data on Friday.
The dollar index, which measures the greenback's strength against a basket of six currencies, was wallowing near its lows for the month.
White House economic adviser Kevin Hassett said on Monday job gains could be lower in the coming months as Trump's immigration policies slow labour growth and AI boosts productivity.
Fed funds futures continue to indicate that the market expects the Federal Reserve will keep interest rates on hold until June, according to the CME Group's FedWatch tool.
Fed Governor Stephen Miran on Monday argued the Trump administration’s policy of trade tariffs has proved more benign than many had feared, reiterating his call to slash interest rates. He also defended central bank independence but said it was not absolute.
Global stocks are hitting record highs in the meantime. MSCI's All-Country World Index rose 0.2% to a record as the Nikkei 225 surged 2.5%, rising for a third consecutive day to a fresh peak after Japanese Prime Minister Sanae Takaichi's election victory at the weekend.
The yen also strengthened for a second day, last 0.4% firmer against the U.S. dollar.
In early European trade, pan-region futures and German DAX futures were flat, while FTSE futures rose 0.1%.
