16.08.2018 • 12:00 GMT
Risk Aversion Spreads Beyond EM, Tech Stocks and China; EURUSD Struggling
John Kicklighter
• Risk aversion was not only intense this past session, it was more broadly based between EM currencies, commodities and shares
• Should sentiment dictate markets rather than EM sanctions, trade wars, tech earnings or other catalysts; it may prove systemic
• The Dollar showed little demand to match the risk intensity, while commodities dove with fresh lows from gold and a key oil break
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