Dollar snaps two-day winning streak, bitcoin hovers near record highs

Topics US Dollar | Bitcoin | Wall Street


By Stephen Culp NEW YORK (Reuters) - The dollar lost ground on Thursday, ending its first two-day winning streak in two weeks as disappointing labor market data tempered expectations for a speedy economic recovery from the global health crisis. "Right around 2 am this morning the dollar got sold across the board," said Erik Bregar, head of FX strategy at Exchange Bank of Canada in Toronto.

"(That was) a precursor to the further weakness we're seeing today." Bitcoin eased off its record high of $52,640 reached.

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