Introducing Today’s Currency Correlation

July 20, 2012 11:40 am

It has been the same over the past number of days that the Euro/Dollar cross moves are highly correlated to the S&P 500 index.

Below is the tick-by-tick chart of the two today.

In effect, the U.S markets are being held hostage to the moves by EuroZone policymakers. Isn’t that comforting?

 

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