The dollar and yen are back in the underperforming lane, with both currencies once again correlating inversely with global stock market direction. The USD index (DXY) is down for a fourth consecutive day in posting a nine-day low at 93.64, while EUR-USD lifted to a high so far at 1.1754, which is 2 pips shy of yesterday’s nine-day peak. The commodity-correlating dollar bloc currencies, and many developing world currencies have also risen against the dollar and yen. AUD-USD, for instance, posted a nine-day high at 0.7197.
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