The dollar fell against a basket of currencies for the first time in four sessions on Wednesday, as appetite for higher-yielding currencies revived after being jolted by a surprise interest rate hike in China.
The dollar index eased 0.6 percent to 77.717 .DXY after climbing more than 1.6 percent the previous day, staying well above a 10-month low of 76.16 struck last week.
Analysts said the market's reaction to the previous day's move by China was overblown, and with the U.S. Federal Reserve expected to ease monetary policy further next month any dollar rebound would be short-lived. more
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