The U.S. dollar weakened against the yen Monday as investors moved into haven assets amid a selloff in stocks and industrial commodities like oil and copper. The dollar also lost ground to the euro after official data showed pending U.S. home sales fell to a five-month low in August. The dollar USDJPY, -0.03% was down 0.6% to ¥119.96 late Monday in New York, compared with ¥120.54 late Friday, according to FactSet data. It first started weakening after a reading on Chinese industrial profits fell 8.8% in August. The euro EURUSD, -0.1156% was at $1.1235 late Monday, little-changed from its level late Friday in New York, according to FactSet data. The U.S. currency strengthened late last week after Federal Reserve Chairwoman Janet Yellen said economic factors like the inflation outlook would likely warrant an interest-rate hike later this year. There’s a lot for investors to look forward to this week. China’s CLFP Manufacturing PMI is due out late Wednesday Eastern Time. A weaker-than-expected reading could push the euro higher as investors unwind bets against emerging-market currencies that were funded with euros. “Given concerns about Chinese growth, that [data] is going to be important,� said Alvin Tan, a currency strategist at Société Générale. In the U.S., several Fed speakers are expected, including Yellen, who is set to speak Wednesday at 2 p.m. Eastern. On Friday, the nonfarm payrolls report for September is due. Though it likely won’t have much of an impact on the dollar unless its results surprise the market in either direction, said currency strategists at Société Générale in a note to clients. Global stocks suffered as Glencore PLC shed as much as 29% of its value, dragging London indexes lower. U.S. stocks and crude-oil futures finished lower along with gold. The euro started the week off lower after separatists in Spain’s Catalonia region won a majority in the Catalan parliament. The path forward for the euro appeared uncertain, currency strategists said, as the shared currency is tugged in opposing directions by opposing market forces. “The focus for [the euro] remains centered on the conflicting forces of [euro]-supportive risk aversion and [euro]-negative fundamentals, specifically relative to central bank policy as [European Central Bank] policy makers debate the merits of more aggressive accommodation,� currency strategists at Scotiabank said. The ICE U.S. Dollar index DXY, -0.03% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.2% late Monday at 96.056.

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