AUD/USD the biggest looser

AUD/USD has led the charge lower in “risk” trades following comments from an EU diplomat where he stated leaders had agreed that the ESM bailout fund will not have a banking license. We appear to have been given the old one two sucker punch with ECB Draghi last night landing the first blow whilst today it was news that EU leaders are no closer to agreement with the summit just another exercise in kicking the can down the road. AUD/USD was belted the hardest falling to 1.0090 with support now pitched at 1.0077 (Ichimoku cloud base) and 1.0048 (20 day SMA). AUD/USD last at 1.0103.