I see eur/nzd is correlated with nzd/usd and it is not at all correlated to eur/usd?
Can someone who trades eur/nzd help me by telling am i right?
Can someone who trades eur/nzd help me by telling am i right?
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DislikedI see eur/nzd is correlated with nzd/usd and it is not at all correlated to eur/usd?
Can someone who trades eur/nzd help me by telling am i right?Ignored
QuoteDislikedEUR/NZD is strongly inversely correlated with NZD/USD, while the correlation with EUR/USD exists, but is quite weak. The reason can be in NZD, which may be more volatile than USD or EUR and thus induces more correlation on the pairs with it.