Investors shifted to the US dollar due to global growth concerns, particularly in China, which drove it to a near six-month high.

The Australian dollar fell as the RBA maintained rates.

A private-sector survey showed China’s services activity grew at the weakest pace in eight months in August, and a survey found that euro zone company activity declined quicker than expected last month, suggesting a recession.

The dollar index rose 0.62% to 104.8, while the euro fell 0.69%.

The Australian dollar was one of the weakest currencies against the US dollar, down 1.29% at a 10-month low.

The dollar reached a 10-month high of 147.8 yen, while the pound fell 0.5% to $1.2565.