The U.S. dollar slipped against the euro and sterling for a second straight day on Wednesday on potential profit-taking and a rebound in risk appetite stemming from reduced concerns surrounding Britain's vote to exit the European Union.
Sterling, which suffered its biggest one-day fall in modern history on Friday, was last up 0.7 percent against the greenback at $1.3434. That marked roughly a 3-cent rebound from a 31-year low of $1.3122 touched on Monday, when the currency extended its more than 17 cent decline over a two-day period following the Brexit vote.
"People are getting less worried about Brexit," said Thierry Albert Wizman, global interest rates and currencies strategist at Macquarie Ltd in New York. "There is a lot of opinion in the UK about this taking a lot of time."