The EUR is sliding following an on-going Deutsche Bank crisis. 

The currency is down by 0.4% at a 1.1175 against the USD as of 14:38GMT.

Hedge funds are reportedly dumping the troubled German lender, and its shares are tanking.

European bank stocks are also in the red amid fears of a collapse of the bank. Commerzbank Bank, Germany's second largest bank behind Deutsche Bank, is down about 6%.

Traders were buying into the CHF, a safe-haven currency. But it dipped back down on speculation that the Swiss National Bank "was perhaps intervening to cap the currency's strength," reports Reuters. The currency is down by 0.8% at 0.9736 per dollar.

The US dollar index is up 0.3% at 95.82 ahead of a bunch of data: Personal income and spending will be released at 12:30GMT, before Chicago PMI and University of Michigan consumer confidence cross the wires at 13:45GMT and 14:00GMT, respectively.

The JPY is down 0.2% at 101.19 per dollar after consumer prices in Japan dropped for the sixth straight month. Core consumer prices were down 0.5% year-over-year in August.

The GBP is little changed at 1.2976 against the dollar after the UK's economy expanded by 0.7% quarter-over-quarter in the second quarter thanks to strength in the production and service sectors, according to the final figures released by the Office for National Statistics.

The Russian ruble is down by 0.2% at 63.1807 per dollar.