The dollar pulled back from close to 14-year highs on Tuesday, euro zone government bond yields fell and the price of copper tumbled as traders cashed in gains from a rally fueled by Donald Trump's victory in the U.S. presidential election.China's yuan CNY=CFXS, which like other Asian currencies has been under pressure since the election, fell to its weakest level against the dollar in almost eight years before recovering slightly.European shares rose modestly, led by oil and gas, as crude prices rebounded from Monday's three-month lows. Asian markets, which have fallen 5 percent since Trump's victory, were broadly flat.Expectations Trump's administration will cut taxes, increase spending and accelerate inflation have lifted assets, including the dollar, bank stocks, and industrial metals, and driven bond yields higher.But concern the new administration could take a more protectionist stance on trade has hit Asian stocks and currencies.
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