Most Asian currencies ticked lower on Wednesday as the dollar recouped more of its recent losses, while the Australian dollar was an outlier as sticky inflation data furthered the case for a hawkish Reserve Bank. 

Most Asian stocks retreated on Wednesday with technology-heavy indexes falling in anticipation of earnings from market darling Nvidia, while Australian stocks sank on a sticky inflation print. 

Oil rebounded on Wednesday after a sharp drop in the previous session ended a three-day streak of gains as investors have whipsawed between concerns about potential supply losses from Libya and the Middle East and worries about global fuel demand.

Oil prices rose in Asian trade on Wednesday, buoyed by industry data pointing to another outsized draw in U.S. inventories, while tensions in the Middle East and supply disruptions in Libya also offered support.

Ethereum was trading at $2,396.95 by 18:16 (22:16 GMT) on the Investing.com Index on Tuesday, down 10.75% on the day. It was the largest one-day percentage loss since November 9, 2022.

U.S. stock index futures fell in evening deals on Tuesday, with heavyweight technology stocks remaining fragile in anticipation of earnings from Nvidia- which are set to shed more light on the AI trade.