The dollar index hovered around the level of 103.76 points. The euro stabilized at $1.0855 as traders awaited the European Central Bank's decision on the interest rate tomorrow, Thursday.
The Australian dollar rebounded in afternoon trade in Asia, shrugging off GDP data that showed the economy grew just 0.2% in the fourth quarter. Markets are also closely watching Bitcoin, the world's largest cryptocurrency, after it rose to a record high overnight before falling sharply. Bitcoin rose in the latest transactions by 4.11% to $65,921.