The dollar index fell more than 0.5% Wednesday after China's aggressive stimulus moves on Tuesday buoyed risk appetite, with growing bets of another outsized US rate cut in November adding to headwinds for the greenback.

Against a basket of currencies, the dollar last stood at 100.26, languishing near a more than one-year low of 100.21.

The Aussie peaked at $0.6908 in the early Asian session, its highest since February 2023, while the kiwi rose to a nine-month top of $0.63555.

The onshore yuan rose to a 16-month top of 7.0012 per dollar.

Elsewhere, sterling advanced 0.1% to trade at $1.3430, a level not seen since March 2022.

The euro gained 0.14% to $1.1195, hovering near a 13-month high hit last month, while the yen eased slightly to 143.32 per dollar.

Source: Qatar News Agency