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Does the EURAUD have a positive correlation to SPX?

Long
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Trend Analysis Technical Indicators Beyond Technical Analysis Forex Technical Analysis inflationhedge inflation
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trendanalysis indicator beyondta forex technicalanalysis inflationhedge inflation
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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