In Australia, the Australian dollar fell after the Reserve Bank of Australia cut interest rates by a quarter of a percentage point to 2.75%.

WSJ: Nikkei Hits Fresh Multiyear High

We have had a massive depreciation of the dollar against the Euro, a pretty good depreciation against Brazil, Australia and several others.

FORBES: Restarting The U.S. Economy

They are in better shape than others in the region, such as Australian banks, which have seen interbank funding costs soar, leading the Federal Reserve to open a dollar swap line this week with the Reserve Bank of Australia.

ECONOMIST: A bank run in Hong Kong

The Australian dollar climbed after Reserve Bank of Australia Governor Glenn Stevens said at a parliamentary committee that interest rates were at an "appropriate level, " suggesting a pause in the central bank's series of aggressive rate cuts.

WSJ: Asian Shares Mixed Amid Weak Europe Data

Overall, Australia now boasts 23 billionaires, in U.S. dollar terms, up from 20 a year ago.

FORBES: Australia's 50 Richest: A Great Year For Gambling, But Not For Commodities

Japanese stocks surged on Tuesday, hitting a fresh multi-year high, while the Australian dollar fell after the Reserve Bank of Australia cut interest rates.

WSJ: Nikkei Hits Fresh Multiyear High

New Zealand's central bank said Wednesday it intervened in foreign-exchange markets to blunt the rise of its currency and will continue to do so, a day after Australia's central bank cut interest rates to a record low and noted the stubborn strength of the Australian dollar.

WSJ: Asian Governments Take Measures to Battle Strong Currencies