The US dollar fell toward its lowest level in several months against a basket of major currencies on Wednesday, as Treasury yields retreated from recent highs.
The euro edged up slightly to $1.1577, remaining near the two-month peak it touched earlier in the week. Sterling held steady at $1.3533, close to a three-month high, with traders cautious ahead of the release of UK inflation figures later in the day.
The Japanese yen stabilised at 159.56 per dollar. The currency had given back a large portion of its intervention-driven gains but remains well clear of the multi-decade low of around 164 yen to the dollar it recorded recently.
