U.S. Dollar Remains Lower

The dollar nursed hefty losses early on Wednesday following a brutal shakeout of bullish positions as investors found excuses to take profits as the year-end loomed.

Spooking markets, political uncertainty in Greece appeared to have reignited worries about Europe, prompting a flight to safety into U.S. Treasuries. That drove yields lower, which in turn knocked the dollar index off a near six-year perch.

The greenback slid to 119.68 yen, having dropped more than 2 percent at one stage to 117.90 in a vicious turnaround from a seven-year peak of 121.86 set on Monday.


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