usd/CHF and dollar index

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

 

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.

 

Do a correlation study.. and u will see they are over 95% correlated...

 

This website shows the correlation as -1




http://dailyfx.com/index.php?option=com_content&task=view&id=4435&Itemid=39

 

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