Urgent: U.S. dollar falls on Fed chair's second-day testimony

The U.S. dollar dropped against other major currencies on Wednesday amid dovish remarks by the Federal Reserve Chair Janet Yellen on raising interest rates during her second-day testimony at the House Financial Services Committee.

In late New York trading, the euro rose to 1.1356 dollars from 1.1338 dollars in the previous session, while the dollar bought 118.86 Japanese yen, lower than 118.93 yen of the previous session. Endite