Aussie plunges against Ringgit at 3.168
Aud has lost close to 2 % of its value as investors turn to USD as the ultimate safe haven. The rise in USD is negative for stocks and commodities. Will the Fed step in with another easing ..?
Gold plunges and is trading at 1602 AuD
Xau has fallen more than 9 % of its value this month from 1749 as traders become increasingly anxious abt euro zone and funds liquidate their positions.