The Australian dollar (FXA) is about to be next in a falling line of dominos, writes the WSJ's...


The Australian dollar (FXA) is about to be next in a falling line of dominos, writes the WSJ's Bernard and Cignarella. First an emerging-market ETF (EMB) has turned down, now high yield ETFs have moved lower, and - if patterns hold - the aussie is next they say, pointing to a near-1 correlation between the two assets.

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