US$ eases as geopolitical woes boost euro, yen

London

THE dollar nursed broad losses on Wednesday as investors cut crowded long positions in the lead-up to the US Thanksgiving holidays, and as heightened geopolitical tensions boosted demand for the euro and yen.

The greenback had hit an eight-month high against a basket of major currencies at the start of the week as expectations grew that US interest rates will increase next month. But it edged bac…