Against a slew of currencies, the dollar rose to a near six-month high on Tuesday as worries over global growth, particularly in China, caused investors to flock to the US currency. China's services activity expanded at the slowest pace in eight months in August, as weak demand continued to dog the world's second-largest economy and stimulus failed to meaningfully revive consumption.
The decline in euro zone business activity accelerated faster than initially thought last month as the bloc's dominant services industry fell into contraction, according to a survey which suggests the bloc could drop into recession.
Source: reuters.com
