LONDON—The U.S. dollar is set to break a two-day losing streak on Thursday, while the Japanese yen gained, after a Russian news report of mortar fire in eastern Ukraine jangled market nerves and boosted safe haven bets.
While the greenback retreated from highs in Asia after the news broke, investors remained wary that Russia will attack Ukraine, burnishing the dollar’s safe haven appeal despite optimism at the start of this week that a diplomatic solution would be found to prevent conflict.
