Australian dollar rocked by French fallout

DXY is back:

AUD sagged but is breaking out versus EUR:

North Asia no help

Commodities all breaking:

Miners soft:

EM hanging in:

As junk bounces:

Will yields break down this time?

Stocks keep on keeping but not in Europe:

Europe is suddenly on the nose, most notably France, as EU elections reverberate through markets. Fear is up:

French yields spreads too:

Stocks whoa:

Just as the economy comes good!

LePen’s RN is surging in the polls. Black swan, anyone?

It’s hard to see AUD doing anything but fall if the European project comes under fundamental question.