The dollar fell on Wednesday, tempering its safe-haven appeal for now, as U.S. stocks rallied, although sentiment remained cautious amid a resurgence of new coronavirus cases globally, particularly in the United States.
Demand for the U.S. currency proved remarkably stable as oil prices steadied while European bourses traded in negative territory.
Against a basket of its rivals, the dollar index dropped 0.5% to 96.527.
The euro rose 0.6% versus the dollar to $1.1337 marginally, while a recent fall in selling positions against the greenback provided room for possible further drops.
Commodity currencies, which tend to thrive in times of increased risk appetite, also gained against the dollar.
The Australian dollar rose 0.4% against the greenback to US$0.6971. The New Zealand dollar grew 0.2% to US$0.6566, with the Canadian dollar rising 0.5% to C$1.3543 per U.S. dollar.
Source : Reuters
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