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Currency correlation

Which markets move together and which move opposite. +100 means they always move the same way, −100 always opposite, and near 0 unrelated. Calculated from daily closes.

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−100 opposite together +100

Move together most
Move opposite most
What it means for your trading

Questions traders ask

What is currency correlation?

How closely two pairs move together. Close to +1 means they usually move the same way, close to −1 the opposite way, and near 0 not related.

Why does correlation matter?

Buying two pairs that are strongly correlated, like EURUSD and GBPUSD, is almost the same trade twice, which doubles your risk without you noticing.

Is gold correlated with the dollar?

Gold often moves opposite to the US dollar, but the link changes over time; the table shows how it's behaving now.

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