The dollar remained under the cosh versus its G3 peers while gaining against the commodity currencies as the recent risk-on spell turned sour, with commodity prices and most stock markets in the EMEA and Asian regions turning south today. China trade data spoiled the risk-on party as it showed a sharp 17.7% y/y dive imports in September, accelerating from August’s 14.3% y/y decline. EUR-USD traded above 1.1400 for the first time since Sept-18, leaving a peak at 1.1411 before ebbing back to the high 1.13s at the prompt of an underwhelming German ZEW investor sentiment survey.