NEW YORK—The dollar fell broadly Wednesday as investors turned away from seeing Tuesday's higher Chinese interest-rates as a negative for global growth.
Investors trimmed some of the positive dollar bets they placed after China suddenly raised interest rates Tuesday.
The euro and the Australian dollar in particular gained ground, while a broad swath of emerging-market currencies also rallied.
Early Wednesday morning, the euro was at $1.3866 from $1.3730 from late Tuesday. The dollar was at 81.24 yen from 81.55 yen, while the euro was at 112.63 yen from 112.01 yen. The U.K. pound ...
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