The dollar posted modest gains on Tuesday, as investor risk appetite improved on the back of rising oil prices and the expectation of further stimulus in China.
Data released overnight showed China's economic growth matched expectations but its growth rate for the year was slowest in 25 years, boosting expectations that monetary easing measures are imminent for the world's second-largest economy, possibly before Lunar New Year holidays in early February.
Chinese oil demand likely hit a record in 2015, data showed, which bolstered battered crude prices on Tuesday. Slumping oil prices have sapped risk appetite and sent traders scrambling for the safety of the Japanese yen in recent weeks.
The economic news helped boost China's Shanghai SE Composite Index 3.25 percent and provided some relief from worries about a global economic slowdown.