US dollar fails to get usual safety bid from volatility in short term

Employees of a foreign exchange trading company work under monitors displaying the exchange rates between the Japanese yen and the U.S. dollar (L top, back L) and the Japan's Nikkei average (L bottom), and the exchange rates between the yen against the Euro (back R) in Tokyo August 26, 2015. - Reuters

NEW YORK/LONDON: Most bouts of global market volatility in recent years have featured one constant: the U.S. dollar strengthens as investors clamor for the perceived safety of U.S. assets such as Treasuries.

By contrast, over the last two previous trading days, the dollar lost 4.0 percent against the yen, while dropping to a seven-month low versus the euro on Monday, as world stock markets slumped and emerging market currencies plummeted.