Plunging Chinese Stocks and Weak US Durable Goods Data Boosts Risk Aversion

EUR/USD - Euro Slides on Risk Aversion The Euro-Dollar pair broke below its recent support around the 1.4150 zone, extending losses in the pair seen in yesterday’s trading. Risk aversion was heightened overnight as Chinese stocks, measured by the Shanghai Composite, plunged as much as 7.7% before recovering to trade down 5.1%. In NY trading, a weak report on durable goods orders furthered the demand for safe haven, which helped bolster the greenback. Following yesterday’s