AUD/USD is at fresh session lows, breaking 1.0200 and eying the critical area of support in the 1.0160/70 area. A break of that zone would be very bearish, suggesting another 300-odd pips of downside in the days/weeks ahead.
Oil is down over $4.00 late in the US session despite the major protests in Iran today. A destabilized Middle East would normally boost oil prices, but not today. We’re now at $87.85 in WTI.
