• The dollar nursed hefty losses in Asia on Wednesday after the Trump administration accused Germany and Japan of devaluing their currencies to gain a trade advantage, fuelling a risk-off mood that subdued stocks while benefiting bonds.
That left the dollar huddled at 112.70 yen JPY= in Asia on Wednesday, having fallen as much as 1.5 percent overnight to lows around 112.08.
The euro was firm at $1.0800 EUR=, having been as high as $1.0812 and a long way from Monday's trough of $1.0617. Against a basket of currencies, the dollar .DXY matched a low from Dec. 8 at 99.430 to end January with a loss of 2.6 percent.
• U.S. President Donald Trump and a top economics adviser on Tuesday unleashed a barrage of criticism against Germany, Japan and China, saying the three key U.S. trading partners were engaged in devaluing their currencies to the harm of American companies and consumers.
• Manufacturing activity in the Chicago-area unexpectedly fell in January, nearing the mark for stagnation and dampening optimism over the U.S. economic outlook, industry data showed on Tuesday.
• U.S. consumer confidence retreated from a 15-year high in January likely as some of the election euphoria fizzled, but households remained upbeat about the labor market, suggesting that the economy would continue to grow this year.
• The U.S. Federal Reserve is expected to keep interest rates unchanged on Wednesday in its first policy decision since President Donald Trump took office, as the central bank awaits greater clarity on his economic policies.
• Oil prices rose on Tuesday after news that the world's top producers cut production this month more than forecasters had expected and as the dollar sank.
• U.S. light crude settled 18 cents a barrel higher at $52.86, but posted its first monthly decline since October. It fell 1.7 percent in January as U.S. supply concern offset production cuts by other producers.
• Brent crude oil was up 45 cents a barrel at $55.68 by 2:36 p.m. ET (1936 GMT).
Reference: Reuters, CNBC, Investing
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