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NEW YORK, United States — More evidence of the sharp slowdown in China’s huge economy Monday battered emerging currencies while giving solid boosts to the US dollar and Japan’s yen.
The sudden breakdown in relations between Gulf rivals Saudi Arabia and Iran, over Riyadh’s execution of a Tehran-supported Shiite cleric, also added to market nervousness and the flood into the greenback.
The dollar added 0.3 percent on the euro, to $1.0833 per euro, but slipped 0.7 percent to 119.42 yen.
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The greenback surged 1.3 percent to $0.7184 per Australian dollar, the latter hit by the threat China’s continued slowdown poses for Australia’s key ore exports.
The British pound also gave up ground, to $1.4721.
