The Hang Seng is -2.25% and both Sydney and Shanghai are -1.5%. USD/Asia continues to trade higher as foreign investors get out of the bond markets in particular. USD/KRW traded to 1121 after opening near 1114.
All of this is having a negative impact on the AUD/USD, with a low at 1.0229 so far after closing in NY on Friday near 1.0350. There is solid intraday support near 1.0175 but a break below there could set off further stop-loss selling.
