Ammon News - The dollar retreated for a second day in Asian trading on Tuesday after threats from the White House towards the European Union over the future of Greenland triggered a broad selloff across U.S. stocks and government bonds.

The dollar index , which measures the greenback's strength against a basket of six currencies, fell as much as 0.3% to 98.841 - reaching its lowest level since January 12 - as investors worried about exposure to U.S. markets.

The euro was up 0.2% at $1.1663, while the British pound tacked on 0.1% to $1.3435.

The yen slid 0.2% against the dollar as a selloff in Japanese government bond markets accelerated after Japanese Prime Minister Sanae Takaichi called snap elections for February 8.

Against the Chinese yuan trading offshore in Hong Kong , the dollar was steady at 6.9548 yuan, the weakest level for the greenback since May 2023.

Indonesia's rupiah weakened 0.2% to a record low of 16,985 against the dollar as investors fretted about the country's central bank independence after President Prabowo Subianto nominated his nephew to join Bank Indonesia's Board of Governors.

The Australian dollar advanced as much as 0.4% to $0.6741, approaching its strongest since October 2024, while the New Zealand dollar climbed 0.6% to $0.5835, its highest level of this year.

Bitcoin slumped 2.2% to $90,889.78, while ether fell 2.9% to $3,117.03.

Reuters