Intraday Market Thoughts
Archived IMT (2009.06.26)
by
Jun 26, 2009 17:45
Canadian dollar maintains its strong positive correlation with equities. CADJPY daily corr with S&P rose to 0.83 during the last 25 days, up from 0.77 during the Apr 10th-June 26th period. CADJPY ranks 3rd in correlation behind AUDJPY and AUDUSD. GBPUSD correlation with equities weakened to 0.27 during the last 25 days, from the 0.28 during April 10th-June 25.
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