The dollar was in free-fall mode early in the session, with USD-JPY poised to post 2015 lows, and basing at 116.15, down from intra day highs of 122.03 in Asia. EUR-USD meanwhile, opened near 1.1500, before slicing through 1.1600, on its way to 1.1714 highs, levels last seen in early January. Cable made two-month highs of 1.5803, though sterling is underperforming against the euro, seeing EUR-GBP to nearly four-month highs over 0.7420. USD-CAD topped at multi-year highs of 1.3289. This was all prompted by China of course, as equities there set the dominos tumbling.
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