LONDON—The dollar fell and major rivals gained on Monday as risk appetite returned to currency markets and investors weighed up the possible impact of an expected U.S. rate hike this week.
Currency markets were choppy. The safe-haven dollar had initially gained in early European trading hours, following a cautious Asian session in which investors were worried about the global growth outlook. But the dollar started dropping around 0800 GMT while European stock indexes, which had opened in the red, gradually strengthened.
