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- USD remains negatively correlated to the performance of global equities - MUFG
USD remains negatively correlated to the performance of global equities - MUFG
eFXdata reports that analysts at MUFG Research note that the correlations between G10 FX rates and the performance of global equities have strengthened over the past week.
"The still favourable conditions for risk assets is helping to dampen further upside for the US dollar from the Fed’s hawkish policy shift."
"The correlations between G10 FX rates and the performance of global equities have strengthened over the past week. The US dollar remains negatively correlated to the performance of global equities. It is providing an offset to support from the US dollar from higher short-term US rates."
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