The U.S. dollar edged lower Thursday, consolidating after a sharp rebound overnight ahead of more speeches from key Federal Reserve policymakers.
Most Asian stocks rose on Wednesday, with Chinese markets seeing outsized gains after Beijing unveiled a string of new stimulus measures aimed at shoring up economic growth.
Oil prices were little changed on Wednesday as investors reassessed the ability of China's stimulus plans to boost its economy, while declining U.S. crude oil and fuel stockpiles provided support.
The U.S. dollar weakened Wednesday, adding to the previous session’s losses, with the euro benefiting despite signs of economic weakness in the eurozone.
Asian stocks rose on Tuesday to their highest in more than two and half years, boosted by a slew of Chinese stimulus measures while expectations for more U.S. rate cuts kept risk sentiment aloft and the dollar under pressure.
Oil prices rose on Tuesday on concerns the intensifying conflict between Israel and Hezbollah may impact supply in the key Middle East producing region and a tropical storm may impact output in the U.S., the world's biggest crude producer, later this week.