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Does the EURAUD have a positive correlation to SPX?

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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.

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