The dollar has scraped out a two-day low at 92.82 in the narrow trade-weighted (DXY) index, with EUR-USD concurrently pegging a two-day high at 1.1862, gaining quite sharply from yesterday’s five-week low at 1.1737. A steadying in stock markets today has seen the dollar ebb back, after finding safe haven demand during the worst of this week’s sharp sell-off across global equity markets. The pound has come under modest pressure against most other currencies. Cable posted an intraday low at 1.2941.

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