US dollar hits 15-month low against yen

London

The Swedish crown hit a six-day high after the country's central bank said it saw an interest rate hike coming in the second half of the year, but the currency quickly gave up those gains.

The dollar, measured against a basket of currencies, has now given up more than half of the gains it notched up this month when investors rushed into the greenback as equity markets suffered a violent sell-off.