The dollar gained for a fourth consecutive day. Global stock markets and commodity prices are sputtering, with yesterday’s rebound failing to sustain. EUR-USD made an eight-week low at 1.1633. USD-JPY lifted above 105.50, while most yen crosses have traded lower. AUD-JPY, for instance, has dropped by over 0.5% in making an 11-week low at 74.00. The pound is firmer today, continuing the theme seen yesterday.
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