The dollar retreated from its 9-week peak on Thursday, while the euro rose in cautious trade as a selloff in global equities markets gained momentum, hitting risk appetite.

The US dollar index, which gauges the greenback against a currency basket fell 0.1 percent to $96.07, lingering below its 9-week highs of $96.31 hit on Wednesday.

The dollar found support in the previous day after investors sought out safe-haven assets amid a selloff in stocks, but even with equities markets declining, moves in foreign exchange markets remained modest.

Shares extended losses on Thursday amid investor worries over a long list of economic and geopolitical issues.

Concerns over the health of the global economy, climbing US interest rates, Jamal Khashoggi’s murder, and global trade wars, along with some lower-than-expected corporate data became contributing factors to an atmosphere of growing risk aversion.

The dollar was little changed against the yen, gaining 0.03 percent to 112.28 after slipping to lows of 111.82 overnight.

Against the Swiss franc, the dollar rose 0.1 percent to 0.9990.