usd/CHF and dollar index

Discussion in 'Trading' started by Trend Fader, Nov 23, 2005.

  1. Is there like 99% correlation between these two markets.. can some explain why?
  2. esuperbo


    I'm not sure where you're getting the 99% correlation from (source?) but the USDX is weighted as follows:

    EUR 57.6%
    JPY 13.6%
    GBP 11.9%
    CAD 9.1%
    SEK 4.2%
    CHF 3.6%

    So yes, there would be some degree of correlation as USD/CHF is a component of USDX... but 99%? I'm doubtful.
  3. Do a correlation study.. and u will see they are over 95% correlated...
  4. esuperbo


    I don't see the USDX on there, are you referring to EUR/USD like the other thread?