The dollar declined against the euro and yen, but firmed against the underperforming commodity currencies as stock markets took a tumble in Asia and Europe amid disappointing manufacturing data out of China, the Eurozone and UK, and elsewhere. The yen gained across-the-board on the back of its haven appeal. USD-JPY dove below 120.00, reaching a nadir of 119.53, since recouping above 120.0 but still remaining over 0.5% lower on the day. EUR-JPY sank into six-week low territory while AUD-JPY, a barometer of China sentiment, was registering a loss of more than 1.5% at its lows.
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