Dollar struggles, yuan sinks to 4-year low offshore

London

THE dollar lost ground again to the yen and euro on Wednesday, adding to a weak end to the year that has seen it fall more than 2 per cent in just under a month against a basket of currencies.

To most analysts, those falls still look to be chiefly the result of a thin holiday market and some profit-taking on the US currency's more than 10 per cent surge since January. Its progress against the Chinese yuan and Asia-dependent majors such as the Australian dollar continued.