The dollar declined on Monday as the yen rallied amid slumping global stock prices pulled down by worrisome corporate profits in China and anxiety over potentially market-rattling economic data due this week from China, Europe and the United States.
Europe's main bourses fell, with the pan-European FTSEurofirst 300 index ending down 2.21 percent as a 30 percent slump in miner Glencore and a drop in Volkswagen shares added to a glum mood in markets.
Wall Street indexes fell some 2 percent or more, with fresh data showing profits at China's industrial companies falling 8.8 percent, and pushing down shares of U.S. raw material producers and energy companies.
The MSCI world equity index, which tracks shares in 45 countries, fell 7.82 points or 2.03 percent, to 376.48. Safe-haven U.S. Treasury debt prices were up sharply.