6 Jan 2016
Gold correlations with AUD and CAD - BBH
FXStreet (Guatemala) - Analysts at BBH explained that among the major currencies, the Australian and Canadian dollars some times are correlated with gold.
Key Quotes:
"Presently, those correlations are low and falling. Over the past 60 sessions, the correlation of the percentage change in gold and the Australian dollar is below 0.29, which is a six-month low. The high for 2015 was recorded in October near 0.50. The correlation with the Canadian dollar is near 0.16. This is the lowest since last April. The 2015 high was recorded in July near 0.57."
Key Quotes:
"Presently, those correlations are low and falling. Over the past 60 sessions, the correlation of the percentage change in gold and the Australian dollar is below 0.29, which is a six-month low. The high for 2015 was recorded in October near 0.50. The correlation with the Canadian dollar is near 0.16. This is the lowest since last April. The 2015 high was recorded in July near 0.57."