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.