The dollar has staged a rebound against most currencies, with the notable exceptions of the yen and NZ dollar, the latter of which rallied after the RBNZ refrained from cutting interest rates. A bout of EUR-USD selling, amid a broader sell-off in the euro, led the way. The pair dove to a two-day low of 1.1360, down from a one-month peak at 1.1415, which was posted during the Asian session. The dollar also made gains versus sterling and the Australian dollar, among other currencies. USD-JPY, meanwhile, headed south on yen outperformance, logging a one-month low at 106.25.
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