Dollar weakens, yen at October highs after U.S. stocks slide 2:40am EDT [Reuters]
JP Morgan Chase & Co. (JPM)
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Source: Reuters
Dollar weakens, yen at October highs after U.S. stocks slide | Reuters 5 Min Read SINGAPORE (Reuters) - The U.S. dollar, usually seen as a safe haven in turbulent times, surprised some currency strategists on Thursday by losing ground after spooked investors drove U.S. stocks to their worst fall in nearly eight months. The VIX .VIX, Wall Street’s “fear index” measuring the stock market’s expectation of volatility, rose by 44 percent to 22.96 on Thursday, its highest level since April. The dollar index .DXY, a gauge of its value against six major currencies, fell 0.25 percent to 95.27 on Thursday, after hitting a high of 95.79 in the previous session. “In an environment where people are concerned about rising volatility, the dollar tends to do well - especially versus higher-risk currencies such as the Aussie and Canadian dollar,” said Stuart Ritson, Singapore-based head of Asian rates & foreign exchange at Aviva Investors. “There seems to be a disconnect and there is no obvious explan
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JPM
Sec Filings
- 4/25/24 - Form 424B2
- 4/25/24 - Form 424B2
- 4/24/24 - Form FWP
- JPM's page on the SEC website