Risk aversion led to the US dollar posting gains against many major currencies in the forex trading market. The US stocks market suffered from a drop, with Dow Jones and NASDAQ dropping by -1.39% and -1.56% respectively. The Core Price Index came out as expected at 0.1%, while the report for Personal Spending posted a 0.1% gain from the forecast at 0.4%,. As for the commodities market, crude oil fell near the $74 level per barrel, while gold barely moved and closed at $1,236.50 per ounce.

After posting gains for several days, the euro lost its momentum and declined against the dollar after trading below the 1.27 level. On August 31st, the EUR/USD pair marked a low of 1.2633 and a high of 1.2771. The British pound also fell against the dollar as investors seek safer assets due to the closing of UK banks. The GBP/USD traded between 1.5452 and 1.5574. While major currencies failed to rise against the dollar and other forex majors, the Japanese yen came out strong as ever after posting gains across the board.