The euro steadied on Wednesday and riskier currencies bounced, lifted by optimism that China's eventual emergence from COVID restrictions helps growth, while investor focus turned to U.S. data and the Federal Reserve.
The euro had lost 1% overnight, its sharpest drop in more than two months, following a larger-than-expected drop in German inflation, but it edged up from three-week lows to $1.0570 in Asia trade.
The Thai baht has scaled six-month highs on expectations its economy will gain from improved tourism as China drops quarantine for travellers and the Singapore dollar hit an 18-month high on Tuesday.
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