The dollar was on the defensive after a collapse in hopes of a further rise in U.S. interest rates this year drove its biggest daily fall.
U.S. sovereign bond prices gained, pushing yields lower as oil price volatility continued to weigh on investor sentiment.
European markets tumbled to close sharply lower on Tuesday, as concerns over oil prices haunted traders and investors worldwide.
Asia markets closed mostly lower on Tuesday, weighed by declines in the energy sector as oil prices continued to tumble.
The U.S. dollar fell against the euro and yen on Tuesday after a drop in oil prices suggested U.S. inflation would stay low.
Gold fell after touching a new three-month high on Tuesday, still supported as global growth concerns.
U.S. oil futures extended losses after data from the American Petroleum Institute showed a 3.8 million inventory build.
Oil prices jumped 8 percent higher, snapping a two-day rout, after investors took advantage of a weaker U.S. dollar.
The yen rose on Wednesday as weaker stock markets in Europe spurred investors to buy safe haven assets.
U.S. stocks closed narrowly mixed, stabilizing on the first trading day of February, despite declines in oil and soft China manufacturing data.
U.S. sovereign bond prices fell after an official survey showed China's factory sector contracted for the sixth month and oil prices fell.
European markets finished lower on Monday, as another fall in China's factory activity and a slide in oil prices troubled investors.
Asia markets closed mixed, with indexes in Australia, Japan and Korea extending Friday's gains on the back of the BOJ's surprise rate move.
Gold advanced at the start of the month on Monday as poor Chinese manufacturing numbers underlined the weak outlook for the global economy.
U.S. crude closed nearly 6 percent as weak economic data from China and an OPEC source undermined chances of an emergency meeting to stem the decline.
U.S. stock index futures fell sharply as declines in oil prices continued to weigh on investor sentiment.
The U.S. dollar fell against a basket of major currencies on the view that the Fed would not be able to hike interest rates as quickly as forecast.
U.S. stock index futures indicated a higher open on Friday after the Bank of Japan unexpectedly adopted a negative interest rate policy.
U.S. government debt prices were higher on Friday as investors looked to the release of fourth quarter GDP.
European equities closed higher on Friday after the Bank of Japan surprised global markets by adopting negative interest rates for the first time.