The dollar and yen continued to outperform amid a persisting risk-off backdrop, with the Aussie and most other commodity currencies, along with most emerging market currencies, taking the brunt. The Swiss franc also rallied for a fifth consecutive day against the euro, with EUR-CHF clocking seven-week low of 1.0879 today. AUD-JPY, a forex market proxy of global risk appetite, was the biggest loser out of the currencies we track, hitting a four-day low and showing a 0.7% decline as of the early PM session in Europe.
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