The dollar was under pressure on Wednesday from a towering euro and crumbling U.S. yields, as the latest coronavirus relief package got bogged down in Congress and investors braced for a bumpy ride to economic repair. A hardening perception that the U.S. rebound is lagging Europe has buttressed the common currency just below a two-year high, helping it repel a bounce in the dollar this week. The Japanese yen rose to 105.66 per dollar and gold soared above $2,000 an ounce as the bond market's dim view of the U.S. recovery sent real yields further into negative territory and nominal yields close to record lows. White House negotiators on Tuesday vowed to work "around the clock" with congressional Democrats to try to reach a deal on coronavirus relief by the end of this week. The dollar has been sliding since March, as central bank liquidity measures and calmer markets have eased demand for the world's reserve currency. Net long bets on the euro hit a record high last week as low yields dulled the dollar's allure and many in the market are convinced the common currency has further to run.