Traders are reducing risks in the their portfolios as fears of a double-dip recession are fanned by a buyers strike among US consumers.
Case in point: AUD/USD is pulling back sharply, actually opening up a gap on the short-term charts from 0.8482 down to 0.8470. We’ve trades as low as 0.8445 so far from highs of 0.8494 just ahead of the data. 0.8430 is next support.
