SYDNEY/LONDON—The dollar rose on Wednesday, a day after suffering its biggest one-day drop in more than two years, as the excitement of the previous day’s rally in stocks and risk friendlier currencies wore off.
The dollar index was last up 0.54 perecnt to 110.77, after tumbling 1.3 percent on Tuesday. The index, which measures the greenback against a basket of major currencies, has fallen just under 4 percent since touching a 20-year high of 114.78 last week.
