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Correlation just isn’t causation, nevertheless, when you will have such robust correlations out there, you will need to be aware of them. That’s the case with the US treasury markets and the . Though the markets are watching intently to see if the USD/CNH breaks key resistance close to the 7.3800 stage, the bond market is rigorously watching US yields to see in the event that they break increased out of resistance as properly.
For those who lay them on high of one another, you’ll discover the charts have a really robust correlation. That does not imply if one breaks (increased), the opposite would as properly. But when one does (yields or USD vs. CNH), I positive would put the opposite (, or USD/CNH) on my instant watchlist.
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