As the dollar recovered from its lowest level, the yen and the Swiss franc recovered yesterday following the fall in stock markets playing their safe-haven status.

The dollar registered modest gains driven by the fall in American stock indices. On Tuesday, it recovered from its lowest level in a month and a half. EUR/USD initially hit a new one and a half month high on Tuesday following a rise in producer prices in Germany, but fell back due to weak equities that boosted the dollar. USD/JPY fell to a new low of a month and a half as weak equities prompted a demand for safe haven for the yen

U.S. stock indices fell on Tuesday and boosted demand for cash for the dollar. Since the beginning of the month, the Swiss franc dollar has registered a downward wave that has seen it break its support at 0.9208. It is also evolving below the 13-period and 34-period descending moving averages, which intersected