The divergences continue
The S&P 500 has halved a 20-point loss at the open and the Nasdaq is trading in positive territory.
That's part of a broader turn in risk with gold and Treasuries now flat.
However AUD/USD isn't showing any signs of life. It slumped in the past two hours and remains a handful of pips away from the session low.
In the bigger picture, the plunge towards last years lows is nearly complete.
