Meanwhile, S&P 500 futures are down 3.0% as tech shares lead the downside with Nasdaq futures down 3.4% currently. The risk aversion is translating to bids in the Japanese yen and Swiss franc mostly in FX. USD/JPY is down 1.4% to 147.10 while USD/CHF is down 1.1% to 0.8715 currently. The dollar itself is not proving to be much of a shelter amid the potential backlash towards the US economy.
This article was written by Justin Low at www.forexlive.com. Read More Details
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