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AUD/USD reverses sharply amid risk aversion

FXStreet (Córdoba) - AUD/USD dropped 140 pips from the highs making a reversal and trimmed gains. The pair fell to 0.8715, fresh American session low; amid risk aversion as stocks in Wall Street plummet. The Dow Jones is falling 2.29% and the Nasdaq drops 1.90%.

Greenback gained momentum as the decline in equities accelerated and trimmed losses across the board, particularly against the pound, the loonie and the aussie.

The Australian dollar is among the worst performers across the board. While AUD/USD trades slightly above the level it had at the beginning of the day, EUR/AUD climbs to 1.4660, 4-month high and AUD/JPY dropped to 92.15, the lowest since March.

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