AUD/USD, NZD/USD, EUR/USD, cable are all lower. USD/CAD is higher. More notably, yen crosses are getting hit as USD/JPY drops towards 134.50. US equity index futures are soft in Sunday evening trade also. Friday US trade was a little more optimistic but the good feeling his dissipating. Recession worries are in the air. This, as an example: • ICYMI - IMF slashes US growth forecast, says the US will "narrowly" avoid a recession • BIS warns that the global economic indicators are "flashing red", real risk of stagflation Add in a sovereign default: • Russia is poised to default on its debt - 26 June 2022 deadline ... (full story)