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

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:

• Trump says China is manipulating yuan to offset against tariffs

This article was written by Eamonn Sheridan at www.forexlive.com.