(Adds details, updates prices; changes in line, dateline; previous LONDON) By Karen Brettell NEW YORK, June 3 (Reuters) – U.S. Dollar fell to an 11-week low against a basket of other currencies Wednesday on optimism that the worst of the economic downturn from the global spread of coronavirus is over. The improved risk appetite has reduced the demand for greenback, which benefits from safe harbor purchases when markets are unstable and investors are reluctant to take risks. Momentum seems to be running the table right now. We believe that the broad US dollar withdrawal provides an attractive buying opportunity, but recognizes that there may still be room for further weakness in the short term, ”analysts at Wells Fargo said in a report on Wednesday. The dollar index against a basket of major currencies fell 0.22% to 97.37, after previously falling as low as 97.28, the lowest since March 12. U.S. data Wednesday showed that U.S. private wages fell less than expected in May, suggesting layoffs ceased as businesses reopen, though the overall economy’s recovery following the COVID-19 pandemic will be slow. U.S. The service industry activity also pushed down an 11-year low in May, although companies did not act in a hurry to rehire workers when they reopen. Greenback won 0.03% against the Japanese yen to 108.69 yen after it previously reached 108.84 yen, the highest since April 9. The Australian dollar, which has been one of the best performing results from the rise in risk, rose 0.23% to $ 0.610, having previously reached $ 0.6983, the highest since Jan. 3. The euro rose 0.40% to $ 1.1214, after reaching as high as $ 1.1231, the highest since March 16. Investors are focused on whether the European Central Bank will increase the size of its $ 750 billion ($ 669 billion) Pandemic Emergency Purchase Program (PEPP) when it meets on Thursday. Average euro-implied volatility meters jumped to 12%, their highest in a month, suggesting that traders were preparing for moves larger than usual in the single currency. Data on Wednesday showed that eurozone companies suffered another devastating fall in activity in May, and although there is evidence that the worst is over, it may take months before growth returns. Sterling rose to a month-high on Wednesday, though the Brexit risk is weighed on the currency. ================================================== ====== Currency Offers at 10:09 AM (1409 GMT) Description RIC Last US Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Euro / Dollar EUR = $ 1.1214 $ 1.1169 + 0.40% + 0.04% +1.1231 +1.1168 Dollar / Yen JPY = 108.6900 108.6600 + 0 , 03% -0.16% +108.8400 +108.4300 Euro / Yen EURJPY = 121.88 121.37 + 0.42% -0.06% +122.1200 +121.2800 Dollar / Swiss CHF = 0.9629 0.9621 + 0.08% -0.51% +0.9647 +0.9608 Sterling / Dollar GBP = 1.2575 1.2549 + 0.21% -5.16% +1.2611 +1.2547 Dollar / Canadian CAD = 1.3510 1.3516 -0.04% + 4.04% +1.3571 +1.3480 Australian / Doll AUD = 0.66910 0.6894 + 0.23% -1.58% +0.6983 + 0.6857 ar Euro / Swiss EURCHF = 1.0800 1.0747 + 0.49% -0.48% +1, 0810 +1.0746 Euro / Sterling EURGBP = 0.8917 0.88897 + 0.22% + 5.48% +0.8928 + 0.8879 NZ NZD = 0.66410 0.6368 + 0.66% -4 , 84% +0.6430 +0.6361 Dollar / Dollar Dollar / Norway NOK = 9.4969 9.5438-0.49% + 8.18% +9.5714 + 9.44612 Euro / Norway EURNOK = 10.6490 10.6624 -0.13% + 8.25% + 10.7066 + 10.6079 Dollar / Sweden SEK = 9.3140 9.3777 + 0.2 8% -0.36% +9.3583 +9.2637 Euro / Sweden EURSEK = 10.4479 10.4191 + 0.28% -0.20% +10.467 +10.3943 (Reporting by Karen B rettell; Editing by Steve Orlofsky)