The safe-haven U.S. dollar eased from a one-week high on Wednesday amid increasing optimism for a loosening of China's COVID restrictions, although moves were muted ahead of a speech by Federal Reserve Chair Jerome Powell later in the day.
The risk-sensitive New Zealand and Aussie dollars rose, while the offshore Chinese yuan hovered near a one-week peak.
"But there's a back and forth between dollar selling and dollar strength, because earlier in the week, all we could talk about was hawkish Fedspeak," he added.
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