*Positive Correlation:*
EURUSD β GBPUSD (95%)
AUDCHF β NZDCHF (90%)
EURJPY β GBPJPY (85%)
AUDJPY β NZDJPY (80%)
EURCAD β GBPCAD (75%)
USDJPY β DXY (70%)
EURAUD β GBPAUD (65%)
USDCHF β DXY (60%)
EURNZD β GBPNZD (55%)
EURCHF β GBPCHF (50%)
XAUUSD β XAGUSD (40%)
*Negative Correlation:*
DXY β EURUSD (-85%)
DXY β GBPUSD (-80%)
DXY β XAUUSD (-75%)
DXY β XAGUSD (-70%)
DXY β AUDUSD (-65%)
DXY β NZDUSD (-60%)
DXY β NASDAQ (-55%)
DXY β DOW JONES (-50%)
*Correlation Matrix:*
| | EURUSD | GBPUSD | USDJPY | AUDUSD | NZDUSD |
| — | — | — | — | — | — |
| EURUSD | 1 | 0.95 | 0.4 | 0.6 | 0.55 |
| GBPUSD | 0.95 | 1 | 0.35 | 0.65 | 0.6 |
| USDJPY | 0.4 | 0.35 | 1 | 0.4 | 0.45 |
| AUDUSD | 0.6 | 0.65 | 0.4 | 1 | 0.85 |
| NZDUSD | 0.55 | 0.6 | 0.45 | 0.85 | 1 |
Note: Correlation coefficients range from -1 (perfect negative correlation) to 1 (perfect positive correlation).
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