Currency Correlation Example #2: EUR/USD and USD/CHF
If we look at its one-week correlation, it has a perfect correlation coefficient of -1.00. It doesn’t get any more opposite than this folks! Instead of Ben & Jerry’s, they’re Tom and Jerry!
Buying EUR/USD and selling USD/CHF would be the same as doubling up on a position.
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Disclaimer:
This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to the past performance of an investment does not necessarily guarantee future performance. FxYogi including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video.
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