AUD/USD and NZD/USD soft, US equity index futures also very heavy

  • Risk is under a lot of pressure here in Asia as US yields continue to tick higher and higher

AUD and Kiwi$ hit their lowest since 2020 a few minutes ago. KRW hit its lowest since 2009 vs. USD.

ES and NQ are off around 2%, extending their losses after a very heavy Tuesday.

Trump appears not to care too much, doubling down on the finger pointing:

S&P 500 es 09 April 2025 222

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