oussama94
05-28-2017, 00:43
Highest correlations with gold and oil can be
found with the Australian dollar (large gold
exporter), and the Canadian dollar (large oil
exporter). Another currency that is affected by
oil prices but has a weaker correlation is the
Japanese yen (large oil importer). Knowing which
currency is correlated with which commodity
can help you understand and predict certain
market movements before they happen,
increasing your chances of success.
found with the Australian dollar (large gold
exporter), and the Canadian dollar (large oil
exporter). Another currency that is affected by
oil prices but has a weaker correlation is the
Japanese yen (large oil importer). Knowing which
currency is correlated with which commodity
can help you understand and predict certain
market movements before they happen,
increasing your chances of success.