The dollar slid to its lowest against major currencies in well over a year on Tuesday, a move led by further gains in the yen that threw an uncomfortable spotlight on central banks' attempts to boost growth through aggressive policy easing. Australia's central bank joined the growing line of those adding stimulus, surprising many investors by cutting interest rates to a record low of 1.75%. That hit the currency but lifting the country's shares.
European equity markets are expected to open slightly higher on Tuesday following mixed trade in Asia overnight, as Chinese manufacturing data disappointed but the RBA cut interest rates to record lows of 1.75%.
Technology stocks fell in Europe and Asia on Wednesday after worse-than expected results from Apple and Twitter, while the dollar weakened before a U.S. monetary policy decision, propelling oil to 2016 highs.