S&P 500 falls to one-month low. Commodity FX follows
Risk trades take a dive
We're at new lows for the week in stocks and that means low lows since August 5.
The commodity currencies didn't bite when stocks rallied earlier and that was the right call. The FX market has been one step ahead of stocks all week.
With the latest move in stock markets, AUD/USD has just above given up today's gains and is trading flat on the day.