The dollar's index against a basket of six major currencies stood at 100.24, after hitting a six-week low of 100.02 on Monday.
The spectre of slower U.S. rate hikes has been helping high-yielding currencies.
The Australian dollar traded at $0.7706, after hitting a 4-1/2-month high of $0.7748 on Monday. It has risen 2.0 percent since the Fed's policy meeting last week.
The South African rand has gained 4.0 percent since then to a near 1-1/2-year high while the Brazilian real rose 3.2 percent.
Oil prices rose in Asia on expectations that an OPEC-led production cut to prop up the market could be extended.
Prices for front-month Brent crude futures, the international benchmark for oil, gained 0.4 percent to $51.84 per barrel.
OPEC members increasingly favour extending the output curb beyond June to balance the market, sources within the group said, although they added that this would require non-OPEC members such as Russia to also step up their efforts.
The Australian dollar traded at $0.7706, after hitting a 4-1/2-month high of $0.7748 on Monday. It has risen 2.0 percent since the Fed's policy meeting last week.
The South African rand has gained 4.0 percent since then to a near 1-1/2-year high while the Brazilian real rose 3.2 percent.
Oil prices rose in Asia on expectations that an OPEC-led production cut to prop up the market could be extended.
Prices for front-month Brent crude futures, the international benchmark for oil, gained 0.4 percent to $51.84 per barrel.
OPEC members increasingly favour extending the output curb beyond June to balance the market, sources within the group said, although they added that this would require non-OPEC members such as Russia to also step up their efforts.
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