RTRS: Dollar cuts loses, euro wipes gain as stocks tumble
The dollar cut early losses against a basket of six major currencies on Tuesday, prompting the euro to erase gains with stock market losses drawing nervy investors towards dollar liquidity.
By 1154 GMT, the euro was flat at $1.2589, off an intraday high of $1.2677 , while the dollar cut losses to trade at 88.912, down just 0.12 percent on the day.
"We are seeing an inverse correlation between the dollar and stock markets," said Chris Gothard, currency strategist at Brown Brothers Harriman in London.
European stocks hit a record low at 672.84 .FTEU3, while U.S. stock market futures turned negative -- pointing to a lower Wall Street open.
