The dollar nursed losses on Wednesday as investors cautiously returned to riskier currencies after U.S. President Donald Trump edged toward rolling back some restrictions put in place to contain the coronavirus pandemic.

The greenback also remains under pressure following heavy measures by the Federal Reserve to boost dollar supply, however, analysts say it is too early for a full-scale retreat from safe-havens with the public health threat not yet eliminated.

The dollar traded at 107.11 yen in Asia on Wednesday, close to its lowest level in a month. Against sterling , the dollar was last quoted at $1.2626, near a five-week trough. The dollar also briefly slipped to $1.0994 per euro, the lowest in two weeks.

Source : Reuters