The dollar slipped broadly on Wednesday, hurt by a media report that suggested the implementation of a centerpiece corporate tax cut under discussion in US tax reforms plans could be delayed.
The dollar had risen to a three-month high against a basket of currencies late in October.
Analysts say any potential delay in the implementation of the tax cuts would tend to work against the US currency, reports Reuters.
The dollar was down 0.2 per cent at 113.800 yen, falling away from an eight-month high of 114.735 touched on Monday.
The euro EUR= rose 0.1 per cent to $1.1597, bouncing modestly from a three-month low of $1.1553 plumbed overnight.
The dollar index against a basket of six currencies dipped 0.1 per cent to 94.844 as US Treasury yields continued to decline.
The 10-year Treasury yield US10YT=RR stood within close reach of a three-week low of 2.304 per cent set the previous day.
The yield has fallen steadily from a seven-month peak near 2.477 per cent touched late in October.
The Australian dollar gained 0.1 per cent to $0.7654 AUD=D4 to recoup some of the losses from the previous day.
The Canadian dollar stood little changed at C$1.2767 per dollar CAD=D4 after sliding 0.6 per cent overnight.
The New Zealand dollar added 0.1 per cent to $0.6909 NZD=D4 after losing 0.6 per cent the previous day.
