euro and crude prices

[donsu]

http://www.atimes.com/

" Over the past month we have seen a very tight correlation between the movement of the euro and crude prices. Yes, it does sound loony."


http://www.atimes.com/atimes/Global_Economy/GH20Dj02.html


-snip- (graph)

If you think there is extreme speculation in crude, it might be a good reason your average trader is unloading euro. Why? Over the past month we have seen a very tight correlation between the movement of the euro and crude prices. In fact, our simple calculations show a correlation of positive 83.3%.

-snip- (graph)

Trading euro based on crude oil prices? Yes, it does sound loony. But then again, it is that full-moon time of the month again.
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hhhmmmmm

[wli]

1. very interesting n/t