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High beta currencies continue to suffer into the end of the week, while US equities have gotten smashed. It has certainly been an ugly run for financi
AUD/USD licks its wounds at the lowest level in a year, especially following the successive fall in the last eight days, as traders seek more clues to extend the latest fall. With this, the Aussie pair seesaws around 0.6400 while fading the late Thursday’s corrective bounce off the yearly low during early Friday in Asia.
EUR/USD remains vulnerable to further downside past 1.0900 as yields, firmer US data favors Greenback EUR/USD lacks recovery momentum despite bouncing off the multi-day low as it seesaws around 1.0870-75, after refreshing the six-week low the previous day. The Euro pair justifies the market’s risk-off mood, as well as the recently altered concerns about the Federal Reserve , to keep sellers on board.Gold trades at its lowest since last March, pressuring the $1,890 area as the dismal market mood prevails.
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