"The index XJO is going down at the same time Australian dollar , it is double whammy"
Indeed it is.
But its kind of normal, there is more than a loose correlation between AUD and XJO
All else equal, low AUD (high USD) ----> lower XJO, lower SP500
12 month AUD v XJO chart below:
Conversely, SP500 likes low USD
04/09 Indices, page-148
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Last
8,057.9 |
Change
58.600(0.73%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,999.3 | 8,083.7 | 7,999.3 |
| XJO (ASX) Chart |