Dollar and yen firmness, and sterling underperformance has continued for a second day amid a backdrop of tumbling global stock markets (although U.S. index futures have stabilized). The narrow trade-weighted USD index (DXY) lifted to a one-month peak at 93.56, extending the rebound from the 29-month low that was seen last week at 91.75. EUR-USD concurrently carved at a 13-day low at 1.1763. USD-JPY ebbed to an eight-day low at 105.83.

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