Multi-percentage losses in the principle commodity markets continue to be the story of the day. Copper is down more than 5% on the Comex while oil is down 4.5%. The S&P is 2.8% lower, helping keep a bid beneath the US dollar across the board today.
AUD/USD trades at session lows at 0.7886 and USD/CAD is consolidating gains at 1.1533 after topping out at 1.1555 earlier.
EUR/USD is shying away from session lows at 1.3826 after a sharp short-squeeze from that level at mid-morning New York time. We trade now at 1.3852.