The dollar rose for the first time in four days versus the yen as a selloff in Chinese stocks and commodities slowed, lifting demand for riskier assets.
The greenback gained against the euro as U.S. stocks and yields on government bonds climbed as the Federal Reserve holds a two-day meeting to consider raising interest rates. The dollar rose 0.3 percent to 123.56 yen as of 5 p.m. in New York, and gained 0.3 percent to $1.1060 per euro. The Bloomberg Dollar Spot Index, which tracks the greenback versus 10 major peers, was little changed at 1,203.84.
New Zealand’s dollar rose 1.3 percent to 66.87 U.S. cents. The Australian dollar added 1 percent.