Dollar Advances Ahead of Inflation Data As Cryptocurrencies Crumble



The dollar regained its footing on Wednesday, Nov. 9 ahead of key U.S. inflation data due later in the day, while cryptocurrencies were fragile after a bailout deal for exchange FTX by its bigger rival Binance collapsed.

The greenback surged overnight against its peers and held to those gains in early Asia trade — pushing the Japanese yen away from a roughly two-week high hit in the previous session. The yen last bought 146.28 per dollar.