@zalina3368 on DXY | PriceONN Community

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zalina3368 PRO newbie
DXY Mar 9
Quick tip: Always remember to check the correlation between DXY and other assets you're trading. It can give you valuable insights. DXY up, others down and vice versa. Always worth a look!
DXY

Replies (1)

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laurenrobinson PRO newbie Mar 13
@zalina3368 Good point about the correlation. I've been watching the DXY and EURUSD relationship closely. When DXY is up, EURUSD tends to go down. Lately, though, that inverse correlation hasn't been as clean. Might be due to other factors influencing the euro, like the ECB's monetary policy decisions. I find it helpful to also look at USDJPY to get a broader perspective on dollar strength.
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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