AUD and NZD get thrashed and the USD and JPY are much sought after; exactly the same as back in 2008 although the market should be much better prepared this time. Risk-aversion Friday in Asia so this particular trend isn’t likely to undergo a major change but after the AUD/USD fell by over 6% already this week, I’m not expecting any more major collapses. Still lots of rumours flying around in EUR/CHF, and being long looks like a safer bet although we should expect ongoing high volatility levels.
Good luck today and TGIF.
