2024-12-18 07:50
IndustryCurrency Correlation Tools
Currency correlation tools help identify how currency pairs move relative to each other.
1. Correlation Examples
Positive Correlation: EUR/USD and GBP/USD often move in the same direction.
Negative Correlation: EUR/USD and USD/CHF tend to move in opposite directions.
2. Applications
Avoid overexposure to correlated pairs.
Use correlations to hedge positions.
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Currency Correlation Tools
Hong Kong | 2024-12-18 07:50Currency correlation tools help identify how currency pairs move relative to each other.
1. Correlation Examples
Positive Correlation: EUR/USD and GBP/USD often move in the same direction.
Negative Correlation: EUR/USD and USD/CHF tend to move in opposite directions.
2. Applications
Avoid overexposure to correlated pairs.
Use correlations to hedge positions.
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