The greenback is accelerating its gains as the European trading day winds down. EUR/USD has fallen to the low 1.2520s as US equities roll over and go solidly negative. The S&P is now down 5.5 points or 0.80%.
The exception to dollar strength is the USD/JPY which stalled around the 98.60 level once again. EUR/JPY is sliding at the moment, perhaps trying to re-establish its correlation with US share prices. The cross trades at 123.15, down from 124.23 highs.
