The Dollar came under some pressure in N.Y. on Tuesday, weighed down by a sharp sell-off in global equity markets. The DXY fell to 95.82 from overnight highs of 96.15. EUR-USD topped at 1.1493 after touching 1.1450 lows, while USD-JPY dipped briefly under 112.00 before bouncing to near 112.30. USD-CAD was heavy despite the sharp oil market sell-off, bottoming at 1.3085 ahead of Wednesday’s expected BoC rate hike. Cable fell from 1.3045 highs, to a low of 1.2970.
[EUR, USD]