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15 Mar 2013
Forex Flash:AUD´s morphing status - Societe Generale
FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale notes that AUD is undergoing a morphing process.
He writes, “AUD’s correlation with copper and US stocks has dramatically collapsed since last summer, as it has become less sensitive to global risk sentiment. Statistical analysis suggests that AUD should appreciate as it might be lagging rising rates and falling vol.”
He writes, “AUD’s correlation with copper and US stocks has dramatically collapsed since last summer, as it has become less sensitive to global risk sentiment. Statistical analysis suggests that AUD should appreciate as it might be lagging rising rates and falling vol.”