themarketzone

2013 was a turning point when it comes to correlation with SPY

FX:AUDUSD   Australian Dollar / U.S. Dollar
Back then, in the days prior the current currencies war, $AUDUSD was highly correlated to the stock markets and the $SPY in particularity.
Now that $AUDUSD has touched new low and $SPY touched new record high, could it be that we are going to see that inverse correlation working against the stock markets?

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