Dollar Falls More Than 1% Versus Japanese Yen, Treasuries Rally - BLOOMBERG
BY Bloomberg News,
(Bloomberg) -- The dollar slid versus haven counterparts including Japan’s yen as stock declines drove investors into the safest assets.
The greenback fell as much as 1.1% to 126.48 yen as of 9:57 a.m. in New York. Yields on U.S. Treasuries from two to 10 years slumped more than 10 basis points.
The U.S. currency’s decline comes as the S&P 500 Index extends losses.