Dollar falls further from high; Australian dollar recovers

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Reuters UK

LONDON (Reuters) – The dollar fell again on Tuesday, while risk-sensitive currencies such as the British pound gained and the Australian dollar recovered from an overnight drop. After falling nearly 5% in January, world equities started February slightly firmer and currency markets have also changed course. After hitting a 19-month high last week, the U.S. dollar index fell on Monday and on Tuesday was down 0.3% on the day at 96.395 at 0811 GMT. The change follows slight caution from four U.S. Federal Reserve policymakers about how many interest rate hikes will follow an expected first one in …

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