Commodities leading stocks lower

Commodities markets, particularly metals, are getting creamed this afternoon. Gold is testing recent lows around $1085, copper is very hard hit, down another 3.5% today. Oil is at $73.30, down $1.40. Stocks are down about 0.6% too.

The buck is a beneficiary as EUR/USD hangs around the lower boundaries seen of late, now at 1.4033. AUD/USD holds above support at 0.8930/35.

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