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.
Read More Details
Finally We wish PressBee provided you with enough information of ( Commodity currencies finally crack as risk trades beaten up further )
Also on site :
- Northwest Biotherapeutics Presents Updated Survival Data from Phase III Trial of DCVax®-L For Glioblastoma Using Individual Patient Level Data in Multiple Independent Analyses
- ‘Little House’ Star Alison Arngrim Reveals the Haunting Prediction Michael Landon Made Before He Died
- Fans Are Calling Costco's Ready-to-Eat, Protein-Packed Snack 'Unexpectedly Fantastic'