An Unprecedented Shift in The Oil-Dollar Correlation Regime

An Unprecedented Shift in The Oil-Dollar Correlation Regime

Tyler Durden’s pictureSubmitted by Tyler Durden on 08/27/2015 10:48 -0400
http://www.zerohedge.com/news/2015-08-27/wti-crude-surges-above-41

WTI Crude just surged from $38.50 to over $41 and at the same time the USD Index has been surging. In fact, the correlation regime between these two seemingly negatively correlated assets has entirely shifted since last week’s FOMC Statement.

This is odd:

Another way of showing it: the correlation regime has dramatically shifted since last week’s FOMC Minutes:

And Copper is surging also:

Because China is fixed? or “fixed”?

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