The Dollar has traded softer and the Yen has outperformed on a safe haven bid amid a backdrop of hefty global stock market losses. The USD index (DXY), which has rallied quite strongly over the last week and a half, is presently showing a decline of 0.2%., at 96.24, extending the correction from yesterday’s two-month high at 96.53. EUR-USD has concurrently lifted above 1.1410, rebounding from the two-month low printed yesterday at 1.1378. Despite the lift in EUR-USD, the EUR-JPY cross still managed to edge out a two-month low, at 127.29, though has since recouped back above 127.50.
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