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Since April of last year the Australian $ has a decent track record of predicting when the 500 index was about to be put under pressure. The Aussie $ is now back at the levels that has suggested investors should guard the value of their risk assets and 401k plans.
Investors who are long risk assets and their 401k plans want to see the Aussie $ head higher from here…Don’t over look Aussie $ nor let it kick your assets around!
Have you noticed or found similarity between the behaviour of the Aussie$ and Canadian$ relative to S&P500?