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USD/CHF and DXY mending their broken relationship


USD/CHF and DXY mending their broken relationship
USD/CHF and DXY mending their broken relationship
Joe Perry
March 3, 2021 4:06 PM
If the strong correlation between USD/CHF and DXY deteriorates again, it may be a warning that something bigger is brewing.
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The Swiss Franc and the US Dollar Index (DXY) have been highly correlated this year, with a correlation coefficient above +0.90 for most of the year. The correlation coefficient of +1.00 indicates a perfect correlation, indicating that the 2 assets move perfectly together.  A reading above +0.90 is pretty close!   However, early last week, the correlation broke down as the Swiss Franc and the DXY both began to move lower (USD/CHF higher!).  That correlation broke down on February 23 ....

Swiss Franc , Moving Average , Technical Analysis , சுவிஸ் பிராங்க் , நகரும் சராசரி , தொழில்நுட்ப பகுப்பாய்வு ,