A series of economic data published in France in the early hours of the European session and cutting the debt rating of several Spanish regions by Moody's are generating massive sales of shares on the stock markets of the old continent.
This worsening financial business climate in Europe comes hand in hand with a very sharp drop in the main actions on the NYSE, This is affecting the dollar strengthened on all fronts.
Of course, the euro is the most affected by its own weakness, regardless of what happens to the dollar. But the pound is now close to its strongest support in the recent days 1.5975, which could be broken and a decline will be accelerated.
During the Asian session the yen reached 80 against the dollar, and downtrend occurs in the near term.
Net retail sales in Canada, published minutes ago, could give a respite to the local currency. Finally, the Australian dollar also lost ground rapidly, and has broken AUD/USD a stand-dynamic-uptrend line on the 4-hour chart, which could accelerate a decline in aussie.