The risk-sensitive Australian Dollar fell sharply versus the US Dollar overnight. A broad sense of risk aversion throughout global markets dragged AUD/USD over 1% lower. The currency pair, which is often used to gauge risk-taking among traders on a global scale, is at its lowest point since November 2020. A disappointing US retail sales figure crossed the wires prior to the New York opening bell overnight, which fueled bearish bets. Markets were already jittery after equity markets across the Asia Pacific region traded lower on Tuesday. Wall Street stocks reflected the risk-off move, with the benchmark S&P 500 ... (full story)