The dollar came back under the spotlight as global equity and bond markets had a much more stable session following the extreme turbulence seen over recent days.
The US currency staged a broad retreat after rallying for much of the past week or so, although the dollar index — a measure of the greenback against a basket of peers — stayed well clear of a three-year low touched on January 26.
“The dollar index has softened as a consequence of the improvement in risk appetite,” said Jane Foley, senior currency strategist at Rabobank.
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