Disliked{quote} Are you sure that’s not because of liquidity movement? If the SPX drops, it means that people have taken out USD from their equity positions, i.e. equity -> cash movement. If more people have USD, then the DXY value goes up, sending the AUDUSD down. If the AUD is a constant, the AUDUSD of course will reflect the SPX. I am hoping for an SPX demise because of this (sorry 401k’ers).Ignored
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