The dollar mostly faded lower through the morning session in N.Y. on Wednesday, taking EUR-USD to nearly two-month highs of 1.1365, cable to near a near two-week peak of 1.4460, and USD-CAD to five-month lows of 1.2912. USD-JPY rallied back modestly from London lows near 112.00. Fallout from Yellen's dovish speech on Tuesday continued, supporting risk taking levels, while pressuring the greenback. The ADP employment survey was slightly better than expected, and a reminder of the BLS jobs report coming up on Friday.
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