MARKET NEWS
Dollar recovers after three-day slide as investors await cues on Trump policies - REUTERS
By Medha Singh and Kevin Buckland
- Bitcoin close to overnight record high of $94,078.22
- Sterling spikes briefly after strong inflation report
- Dollar/yen firms 0.7%, reversing previous day's move
Nov 20 (Reuters) - The U.S. dollar climbed from a one-week low on Wednesday, while the Japanese yen slid as safety haven demand faded and investors awaited more cues on U.S. President-elect Donald Trump's proposed policies.
The previous day's boost to the dollar and other traditional safe-haven currencies like the yen proved short-lived, after Russia's foreign minister said the country would "do everything possible" to avoid the onset of nuclear war, hours after Moscow announced it would lower its threshold for a nuclear strike.
