December 9, 2022

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Risk trades skid again, dragging commodity currencies lower

1 min read

More selling in equities

A strong retail sales report wasn’t enough to boost the mood in markets.

The commodity currencies and GBP are all near the lows of the day. A solid start to US equities has reversed and the S&P 500 is down 12 points to 4347. US 10-year yields are back to flat at 1.307% from 1.349% at the highs.

AUD/USD is down 28 pips and today cut through the July low to the worst levels since December.

More selling in equities

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