The Aussie Dollar and Risk Management
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Over the past year when the Australian Dollar reached certain levels, the S&P 500 happened to be at a peak in prices as well. The Aussie $ is now back at the key level that also saw the 500 index at a short-term peak in prices over the past nine months.
When it comes to portfolio construction, investors might want to include the price action of the Aussie $ as another tool in risk management of equity exposures.
(c) Kimble Charting Solutions