EUR/CHF pair correlation

[catflea]

Hi All,

Over the past few day the correlation between the EUR and CHF pairs has changed considerably from it very high correlation to very unstable and uncorrelated. Does anyone have an idea why?

Thanks

 

[Martinghoul]

Because the market has moved... There was never any correlation in the first place.

 

[catflea]

Because the market has moved... There was never any correlation in the first place.

....EUR/USD v SF/USD correlation I meant...

 

[Martinghoul]

....EUR/USD v SF/USD correlation I meant...

I know what you meant. The "correlation" you were observing was just an artifact of the market's view on EUR, coupled with the SNB EURCHF floor. The market or the SNB changed, et voila.