The dollar sputtered at broadly lower levels on Wednesday after slumping overnight as a surprisingly softer US inflation reading bolstered bets that the Federal Reserve has reached the end of its monetary tightening cycle.
The offshore yuan briefly ticked up to a three-month high of $7.2385 against the dollar before easing back somewhat to $7.2477.
The New Zealand dollar ticked up to a one-month high of $0.6029 against the dollar.
The dollar index, which measures the currency against a basket of peers, last stood at 104.14, not far from Tuesday's two-month low of 103.98.
With the dollar on the back foot, the euro settled around $1.08725 after touching its highest since August the previous day.
The pound was fetching $1.2489, around levels last seen in September.
Dollar/yen crept up slightly to 150.68, as data revealed Japan's economy contracted in July-September. (QNA)
