AUD/USD down 0.6% to 0.7430 levels, the lowest since December last year
The aussie is among the big losers so far today as commodity currencies are seeing a general retreat, with risk aversion kicking into gear in European morning trade.
And as risk retreats amid the uncertainty, the aussie is seeing a fresh fall to its lowest levels this year, down to 0.7431 at the lows today.
The drop now threatens a break below the 21 December low @ 0.7462 and puts the 0.7400 handle as well as the 61.8 retracement level @ 0.7379 in sight.