AUD/USD is flashing red for the fourth straight day amid broad-based risk aversion.
The currency pair is currently trading at session lows near 0.6430, representing a 0.30% drop on the day, having posted moderate losses in the previous three trading days.
AUD is not the only risk asset on the offer. The Kiwi dollar is also losing altitude along with the equity markets and oil. Notably, the futures on the S&P 500 are currently down over 3.5% and oil benchmarks - Brent and WTI - are shedding 4% at press time.
The US stock futures were already trading in the red in early Asia and extended losses after an address from President Donald Trump failed to quell concerns regarding a possibility of a marked economic slowdown due to coronavirus outbreak.