Asia stocks look set for gains and US equity futures climb after President Donald Trump suspended his plans for tariffs on Mexico.
As of February, only incomes among the top 25% surpassed this rate an an annual basis, according to the Atlanta Federal Reserve.
The dollar rose against the euro as a much weaker-than-expected German manufacturing survey raised concerns that Europe's powerhouse economy may be slowing.
Treasury Secretary Steven Mnuchin touts the currency pact as the strongest ever, though he offered no details, following two days of high-level talks in Washington between US and Chinese officials.
The dollar index against a basket of six major currencies is set to decline about 0.3% this week, which could be its biggest weekly fall in a month.
The ICE Dollar Index jumped more than 10% from its low in February 2018 to its high in November, and its average level last quarter was 3% higher than the previous year’s period.
President Emmerson Mnangagwa is under pressure to revive the economy but dollar shortages are undermining efforts to win back foreign investors.
That concern sent mineral prices lower and with them the resource-sensitive Australian dollar.
All of the Tokyo Stock Exchange's 33 subsectors were in the red.
The Singapore-based strategist at Societe Generale, one of the few to anticipate the slump in emerging markets beginning in January, sees no imminent turnaround for the asset class.
The Chinese currency has lost nearly 7% of its value to the dollar since the beginning of this year.
European capitals are increasingly frustrated with the global dominance of the dollar.
The currency was exposed to external factors, especially the trade policy talks that would take place between the United States and China at the G20 summit today in Buenos Aires.
Futures pointed to gains for equities in Tokyo, Shanghai and Hong Kong after the S&P 500 Index climbed for a second day.
As the EU braces for the biggest divorce in its history, Brexiteers in May's Conservative Party have said they would vote the deal down.
Chinese Premier Li Keqiang said the pressure on his country's economy had grown, adding to fears about the damage from a bitter trade dispute with the United States.
The broad rally across world markets in the middle of the week that was fuelled by upbeat earnings gave way to ongoing uncertainty about the global outlook.
At 6pm, the local unit improved to 4.1490/1530 against the greenback from 4.1515/1555 on Tuesday.
While the dollar has struggled to extend gains against the euro and the sterling in recent days, it has strengthened against its emerging market counterparts and pinned the Chinese yuan to a two-month low.
At 6pm, the local unit stood at 4.1540/1580 against the US dollar from 4.1530/1560 recorded on Friday.
Oil prices jumped and Saudi Arabian shares tumbled on rising diplomatic tensions between Riyadh and the West after the monarchy warned against threats to punish it over the disappearance of a journalist critical of its policies.
The Nikkei 225 index plunged 3.89%, or 915.18 points, to end at 22,590.86, while the broader Topix index shed 3.52%, or 62.00 points, to 1,701.86.
At 6 pm, the ringgit stood at 4.1515/1545 against the US dollar from 4.1550/1600 recorded yesterday.
US and European markets meandered on Tuesday, with investors nervous after 10-year US Treasury bond yields surged above 3.0% and the IMF sounded a cautious note on the global economy.