Dollar down as 'Sell America' trade revives; yen

The dollar languished near three-week lows against the euro and Swiss franc on Wednesday after White House threats over Greenland triggered a broad selloff in U.S. assets, from the currency to Wall Street stocks and Treasury bonds.



The yen was also on the ropes following a surge in Japanese government bond yields to record highs as investors worried about fiscal largesse with Prime Minister ⁠Sanae Takaichi looking to expand her mandate in snap elections next month.



China's yuan retreated from a 32-month high after the central bank unexpectedly weakened its daily midpoint guidance for the carefully controlled currency.



The South Korean won rebounded strongly from a four-week ⁠low after President Lee Jae Myung said the country's officials expected the currency to strengthen to levels not seen since early October.



Declines in the U.S. dollar accelerated sharply overnight with a 0.53% slide in the dollar index - which measures the currency against six major peers - marking its worst single-day performance in six weeks.