I am comparing your latest audusd graph with this dxy graph and the expected inverse relationship is not clear to me at this scale.
There is one major modifier to the relationship and that is iron ore price effect on the ozzie.
I wonder if you could do an update of the dxy graph a the same time scale as recent audusd graphs so I can see more clearly what is going on.
Thanks very much for the updates, which I appreciate and examine regularly.
When I said the Aussie is sensitive to iron ore price I should have included the gold price, both of which have risen greatly since the end of the 2016.
This could affect the inverse correlation that I expect.
There is a big grin on my face as I read your note on correlations from a year ago, above.
Watch this (2nd) video from EWI's senior analyst talking about correlations. These people made me quit using correlations and yes they are right! :)