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10,644 Posts.
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01/09/08
15:25
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find8, a lot of what your saying is true in pure theory, but in the real world its a very extreme scenerio.
The correlation between:
Oil and the AUD/USD is 0.016011441
AUD/USD and USD Index is 0.018116816
Oil and the USD Index is -0.028367653
And thats data from the 1990 to present.
What that data means, is that each market is to its own. The effects upon each market is essentially nothing.
The USD can rise, the Oil price can fall and the AUD can still rise.
This also shows the historical effects of the US Dollar upon oil are nothing and the movements upon the US Dollar Index and the AUD/USD is nothing.
Meaning what you are saying, means nothing.
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