The dollar hit a three-month high against a basket of major currencies and a two-month peak versus the yen.
China's ghost towns may still spook retail investors, but big money players are still targeting the mainland's property sector.
The dollar rose sharply as remarks from Fed Chair Janet Yellen intensified bets the central bank would raise interest rates next month.
Australia's dollar gained almost 1 percent on Tuesday, after the country's central bank declined to cut interest rates further.
The dollar fell against the euro on Monday after comments from two members of the European Central Bank's governing council.
James Bevan, chief investment officer of CCLA Investment Management, expects the Chinese economy to slow at some point after the current round of stimulus.
Xu Xiang, head of one of China's largest private money managers, has been arrested, as Beijing ramps up its crackdown on market manipulators.
The Bank of Japan's decision to leave monetary policy unchanged pushed the yen up on Friday.
Antonin Jullier, global head of equity trading strategy at Citi, says banks have become more involved with China due to the growing appetite of Chinese residents to invest outside of the country.
The dollar index slipped the day after a hawkish statement from the U.S. Federal Reserve.
The euro fell against the dollar on Wednesday after the Federal Reserve kept interest rates unchanged.
Currency experts expecting the euro to reach parity with the U.S. dollar have been labeled "tiresome" by one strategist.
The dollar held firm against a basket of currencies on Tuesday as traders await the Federal Reserve's decision.
Richard Harris, chief executive of Port Shelter Investment Management, says it is hard to tell whether China has bottomed.
The dollar dipped on Monday although an improvement in risk appetite after China's monetary easing limited the losses.
The euro stumbled to a two-month low against the dollar on Friday.
The prospect of the euro falling to equal the dollar has returned with a vengeance after the ECB signaled it was willing to extend QE.
Jason Ambrose, founder and CEO of Vanda Research, identifies the three challenges that China is facing.
The euro tumbled on Thursday after European Central Bank President Mario Draghi said the bank discussed a further interest rate cut.
Sim Moh Siong, FX strategist at Bank of Singapore, discusses the motives behind Beijing's the currency reforms.