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By Tom Westbrook and Stella Qiu
SINGAPORE/SYDNEY (Reuters) - The Australian dollar's surprising resilience in the face of the hit to market sentiment from U.S. tariffs is raising questions whether its long-standing role as a proxy for risk is ending.
The Antipodean currency just notched its steadiest quarter for two years, rising almost 2% this year to around 63 cents, even as U.S. shares have dropped more than 4%.
The breakdown in that correlation is slowing trade in the Aussie, hurting Aust...
>>> Read more: Analysis-The Aussie is losing its way as markets' risk compass
SINGAPORE/SYDNEY (Reuters) - The Australian dollar's surprising resilience in the face of the hit to market sentiment from U.S. tariffs is raising questions whether its long-standing role as a proxy for risk is ending.
The Antipodean currency just notched its steadiest quarter for two years, rising almost 2% this year to around 63 cents, even as U.S. shares have dropped more than 4%.
The breakdown in that correlation is slowing trade in the Aussie, hurting Aust...
>>> Read more: Analysis-The Aussie is losing its way as markets' risk compass
