Investing.com - The dollar recovered in Asia on Wednesday following overnight volatility spurred by comment from president-elect Donald Trump, while the pound also retreated from overnight gains.
GBP/USD dipped 0.47% in Asia to 1.2352, while USD/JPY changed hands at 113.08, up 0.42% and AUD/USD traded at 0.7543, down 0.30%.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose 0.24% to 100.50, after plunging more than 1% overnight.
In regional data, average new house prices in China's 70 major cities rose 12.4% in December from a year earlier, slowing slightly from a 12.6% increase in November.
Overnight, sterling saw its biggest one-day gain against the greenback overnight since October 2008 after British Prime Minister Theresa May announced her plan for a clean break between the U.K. and the European Union.
At the same time the greenback fell sharply after Trump said the U.S. dollar was too strong. In an interview published in the Wall Street Journal website on Monday Trump said U.S. companies could not compete with China "because our currency is too strong. And it's killing us".
In separate remarks, a senior adviser to the U.S. President-elect warned about the risk from a stronger dollar.