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The dollar declined against higher-yielding currencies Wednesday afternoon, after data showed producer prices in February posted their biggest fall in seven months, raising doubts about the U.S. economy and causing investors to reduce exposure to risk. As a result, the Australian dollar hit a nearly two-month high against the greenback, while the Canadian currency moved closer to parity against the dollar, which dipped as low as C$1.0070, a 20-month low. The New Zealand dollar jumped as much as 1%, before relinquishing some of the gains.
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