The FX market held in relatively well for most of the rout today in risk assets but it's finally cracking with commodity currencies leading the way. The Australian dollar is flirting with Friday's lows while USD/CAD is at the highest in a week.
It's an ugly day all around as the market gets more concerned about slowing economic growth.
The S&P 500 is at the lows of the day, down 2.9% and the Nasdaq down 4.4%.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about commodity currencies finally crack as risk trades beaten up further was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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