Dollar Gains Fizzle Out as Traders Reassess Risks From Poland

Dollar Gains Fizzle Out as Traders Reassess Risks From Poland
U.S. dollar banknotes are displayed in this illustration taken, on Feb. 14, 2022. Dado Ruvic/Reuters
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TOKYO/LONDON—The dollar on Wednesday traded just above multi-month lows against most majors as flows that had supported the safe-haven currency slowed after Joe Biden said a missile that caused an explosion in Poland may not have been fired from Russia.

NATO-member Poland and Ukraine said on Tuesday the blast that killed two on the Polish side of their border was likely caused by a Russian-made rocket, raising concerns of an escalation in the war.