Does the EURAUD have a positive correlation to SPX?
With the inflationary environment persisting in the U.S. the correlation between the US stock market and various currency pairs may be uncoupling. However, the EURAUD seems to be maintaining a mildly positive correlation to the S&P 500. If the bear market in U.S. stocks continues, this pair may gravitate towards a bullish trend. Currency traders will want to keep an eye on this correlation.