Stocks rest after vaccine progress, dollar stuck at 2-1/2 year low

(Reuters) World stocks hovered near record highs on Wednesday when Britain became the first country in the world to approve the Pfizer-BioNTech COVID-19 vaccine for use, saying it would start rolling it out early next week.

The dollar was stuck at 2-1/2 year lows against the euro and an index of major currencies, as investors sought out the higher risk currencies that had fallen during the earlier stages of the pandemic.

In Asia, shares in China recovered from early losses and rose 0.12%.Tokyo stocks were little changed after setting a new 29-year high.