Commodity currencies and the pound just touched new lows on the day as the pain in equities worsens. The Nasdaq is down 3.2% and the S&P 500 down 2.6%.
Evidently, a lot of people were expecting a dovish Powell.
Like cable, AUD/USD has traced out a bearish outside day.
Monday is really light on the US economic calendar but it will pick up on Friday with non-farm payrolls.
