I’m just looking at a chart showing that the positive correlation with AUD and the S&P 500 is at almost 91%, up from 63% two months ago. That means that on 91% of days when stocks are up, AUD/USD is up as well and vice versa. Of course, that correlation didn’t work in the past two days as stocks rallied. But tells me some serious selling is going on in AUD that’s overwhelming the correlation trade. If stocks reverse, AUD is toast.