*China slowdown worries curb risk appetite. SYDNEY, Sept 15- Asian stocks stumbled to their lowest in five weeks on Monday after a batch of weak data out of China raised the specter of a sharp slowdown in the world's second-biggest economy. The Australian dollar, considered a liquid proxy for China plays, also took a hammering and slumped to a six-month low.» Read More
The U.S. dollar hit a six-year high against the yen and sterling recovered some ground after recent nerves over Scottish independence.
The dollar also trounced the Australian dollar and several emerging currencies on Wednesday, the latest sign of a long-awaited return of volatility.
LONDON, Sept 10- The dollar hit a six-year high against the yen while trouncing the Australian dollar and several emerging currencies on Wednesday, the latest sign of a long-awaited return of volatility to the world's biggest financial market.
TOKYO/ SYDNEY, Sept 10- The dollar rose to a new six-year high against the yen on Wednesday, as the Australian dollar nursed a second session of heavy losses after further gains in U.S. The rise in U.S. yields helped the greenback hit a fresh six-year high of 106.56 yen on the EBS trading platform.
SYDNEY, Sept 10- The Australian dollar nursed a second session of heavy losses early on Wednesday as investors unwound popular carry trades amid a pick-up in market volatility and further gains in U.S. It slid to its lowest in over five months at $0.9188, before edging back to $0.9210.
Investors bet that the U.S. economy is growing at a pace that is likely to lead the Federal Reserve to begin raising interest rates next year.
Sterling plunged on fears over the outcome of Scotland's upcoming independence referendum and the Australian and Brazilian currencies also dropped.
The euro rose to session highs against the dollar after U.S. hiring in August fell far short of forecasts.
The euro hit fresh 14-month lows against the U.S. dollar and nearly two-year lows against the Swiss franc on Thursday.
The euro steadied against almost every other major currency on Wednesday after Ukraine said it has agreed on a ceasefire with Russia.
The euro sagged on Tuesday to fresh one-year lows against the dollar on bets the ECB will do more to help a wobbly euro zone economy.
The euro hit a year-low against the dollar on Monday, as investors added to bets against the single currency before a policy meeting this week.
The dollar rose on Friday, with traders looking beyond soft U.S. consumer-spending data.
Better-than-expected U.S. growth data lifted the dollar on Thursday as the euro fell amid worries about tensions between Ukraine and Russia.
The euro turned higher in choppy trading Wednesday as traders reacted to headlines that the ECB is unlikely to take new action early next week.
The dollar softened on Tuesday while the euro further struggled on expectations of soft inflation data and more monetary easing.
One analyst has warned of a crowded trade in the euro currency that could spell pain for some investors if not treated with caution.
The euro fell to its lowest in nearly a year against a broadly firmer dollar on Monday after comments from the head of the European Central Bank.
Yellen's speech cited persistent labor market slack but noted faster recovery in the sector could accelerate the timing of a Fed interest rate hike.
Central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Fed Chair Janet Yellen.