Dollar Falls to 10-Day Low as Rally Pauses; Riskier Currencies Rebound

U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken on Feb. 8, 2021. Dado Ruvic/Reuters

LONDON—The dollar edged down against major peers on Thursday, reaching its lowest level in 10 days in a pullback from its recent rally, while the Australian and New Zealand dollars rose.

Expectations that the U.S. Federal Reserve would tighten monetary policy more quickly than previously expected have helped the dollar rise since early September.