The Japanese yen was the largest winner against the U.S. dollar as the currency was on pace to record its best daily appreciation against the greenback since the financial crisis, according to MarketWatch.
The yen was trading up about 2.5% to about ¥118.96 per dollar after rising to as such as ¥116.96 to the dollar its highest intraday level since February.
International investors have traditionally turned to these safe-haven currencies during times of market turmoil because of the countries’ historically low interest rates, along with their stable government and financial systems.
CurrencyShares Euro Currency Trust
For more information on the foreign exchange markets, visit our currency ETFs category.
Max Chen contributed to this article.