Dollar slumps as risk appetite rebounds



* Dollar index down 0.5%

* Norway becomes first developed central bank to hike rates (Updates prices)

By Saqib Iqbal Ahmed and Chuck Mikolajczak

NEW YORK, Sept 23 (Reuters) - The dollar fell across the board on Thursday as improved risk sentiment in global financial markets wiped out its gains in the previous session after the U.S. Federal Reserve flagged plans to dial back its stimulus this year.

Investors' risk appetite improved after Beijing injected fresh cash into its financial system ahead of an $83.5 million bond coupon by embattled property giant Evergrande, at risk of becoming one of the world's largest-ever corporate defaults.

Worries about Evergrande's payment obligations and what systemic risks to China's financial system the property giant's difficulties pose have weighed on global financial risk sentiment in recent sessions.

"Commodity currencies are broadly higher while havens are weaker, leaving the USD trading generally lower after a firm close following the FOMC (Federal Open Market Committee)," Shaun Osborne, chief currency strategist at Scotiabank, said in a note.

The U.S. Dollar Currency Index =USD , which measures the greenback against a basket of six rivals, was 0.5% lower at 93.037. The index, which had risen 0.25% on Wednesday, was on pace for its biggest daily percentage drop in a month but remains close to the near 10-month high touched in late August.

The offshore Chinese yuan CNH= strengthened versus the greenback at 6.4599 per dollar.

The dollar found little support from data that showed the number of Americans filing new claims for jobless benefits unexpectedly rose last week amid a surge in California.

Thursday's improved mood boosted risk-sensitive commodity currencies, with the Australian dollar AUD=D3 rising 0.9% and the New Zealand dollar NZD=D3 up 1.0%.

The improved risk-appetite was reflected in Wall Street's major equity indexes, with the S&P 500 .SPX on track for a gain of more than 1% and its largest two-day percentage gain since late July.

On Wednesday, the Federal Reserve said it will likely begin reducing its monthly bond purchases as soon as November and signaled interest rate increases may follow more quickly than expected.

While positive for the dollar, the boost from the Fed's announcement was undercut by hawkish messages from several central banks in Europe, and as Norway became the first developed nation to raise rates.

Norway's crown jumped to a 3-1/2 month high versus the euro on Thursday after the central bank raised its benchmark interest rate and said more hikes will follow in the coming months.

Sterling extended its rise on Thursday after the Bank of England said two of its policymakers had voted for an early end to pandemic-era government bond buying and markets brought forward their expectations for an interest rate rise to March. GBP=D3

In emerging markets, the Turkish lira plummeted to a record low after a surprise interest rate cut of 100 basis points to 18% that came despite inflation hitting 19.25% last month TRY=D3

Meanwhile, bitcoin extended its recovery from a sharp fall earlier this week, rising 2.42% to a 3-day high of $44,642.78.

========================================================

Currency bid prices at 3:30PM (1930 GMT) Description

RIC

Last

U.S. Close Pct Change

YTD Pct

High Bid

Low Bid

Previous

Change

Session

Dollar index

=USD

93.0320

93.4920

-0.49%

3.391%

+93.5260

+92.9770 Euro/Dollar

EUR=EBS

$1.1746

$1.1687

+0.51%

-3.86%

+$1.1750

+$1.1684 Dollar/Yen

JPY=EBS

110.2550

109.8150

+0.40%

+6.71%

+110.2550 +109.7550 Euro/Yen

EURJPY=

129.49

128.34

+0.90%

+2.02%

+129.5100 +128.3400 Dollar/Swiss

CHF=EBS

0.9238

0.9261

-0.24%

+4.43%

+0.9273

+0.9218 Sterling/Dollar GBP=D3

$1.3731

$1.3620

+0.83%

+0.52%

+$1.3750

+$1.3615 Dollar/Canadian CAD=D3

1.2649

1.2773

-0.96%

-0.66%

+1.2796

+1.2634 Aussie/Dollar

AUD=D3

$0.7305

$0.7242

+0.88%

-5.04%

+$0.7315

+$0.7223 Euro/Swiss

EURCHF=

1.0852

1.0822

+0.28%

+0.42%

+1.0853

+1.0823 Euro/Sterling

EURGBP=

0.8552

0.8581

-0.34%

-4.31%

+0.8590

+0.8537 NZ

NZD=D3

$0.7075

$0.7005

+0.96%

-1.52%

+$0.7093

+$0.6982 Dollar/Dollar

Dollar/Norway

NOK=D3

8.5650

8.6555

-1.05%

-0.26%

+8.6790

+8.5595 Euro/Norway

EURNOK=

10.0618

10.1226

-0.60%

-3.87%

+10.1469

+10.0479 Dollar/Sweden

SEK=

8.6198

8.6925

-0.44%

+5.17%

+8.7014

+8.6173 Euro/Sweden

EURSEK=

10.1252

10.1700

-0.44%

+0.48%

+10.1745

+10.1240



World FX rates Link
Rate hike boost for the Norway crown Link



Reporting by Saqib Iqbal Ahmed and Chuck Mikolajczak; Additional reporting Sujata Rao and Saikat
Chatterjee in London and Tom Westbrook in Singapore; Editing by Bernadette Baum, Will Dunham and Hugh
Lawson

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