The U.S. dollar weakened against the yen Monday as investors moved into haven assets amid a selloff in stocks and industrial commodities like oil and copper.The dollar USDJPY, -0.19% was down 0.6% to ¥119.96 late Monday in New York, compared with ¥120.54 late Friday, according to FactSet data. It first started weakening after a reading on Chinese industrial profits fell 8.8% in August.
The euro EURUSD, +0.0889% was at $1.1235 late Monday, little-changed from its level late Friday in New York, according to FactSet data.
The ICE U.S. Dollar index DXY, -0.11% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.2% late Monday at 96.056.
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