CHF, JPY, USD all bid against the other major currencies
European equities are slipping across the board and that is starting to exacerbate some risk off flows in markets. It started with the swissie gaining traction as highlighted earlier here but that has soon translated into further fall in the euro and sterling in particular as the typical haven flows into the yen and dollar are observed as well.
Add to the fact that we're seeing further losses in the emerging market space, it's making for a little more nervous tones across asset classes in the market right now. The rand and lira are both down by almost 2% currently against the dollar.
The moves here have also pushed bond yields lower on the day with 10-year Treasuries now yielding 2.87% down 1.2 bps.
