Dollar falls against major currencies

NEW YORK, Sept. 17 (Xinhua) -- The dollar fell against major currencies on Wednesday as U.S. stocks fell sharply and oil prices rebounded.
The U.S. government announced 85 billion dollars emergency loan to save AIG, the largest insurer in the United States. But the rescue plan failed to boost confidence in credit markets. The Dow Jones industrials fell more than 4 percent, finishing not far off its lows of the session.
Oil prices rebounded amid the AIG bailout and a larger-than-expected fall of U.S. crude inventory last week. Investors feared that AIG would move to unwind positions in energy and other commodities to raise cash if it was allowed to fail.
The euro bought 1.4376 dollars in late New York trading compared with 1.4156 dollars it bought late Tuesday. The British pound rose to 1.8245 dollars from 1.7864 dollars.
The dollar fell to 1.1005 Swiss francs from 1.1213 Swiss francs, and fell to 105.24 Japanese yen from 105.82 Japanese yen. It fell to 1.0672 Canadian dollars from 1.9686 Canadian dollars.