Hi,
I have a question about how the currencies are connected. I know that EUR/US and GBP/US are connected, meaning if one goes up, the other one goes up too. How about other currencies? Are there more that are connected like this?
Tons of thanks
Elke
Hi there,
I think what you are referring to is called currency “correlation”, where they tend to move the same way.
Here’s a website that measures the correlation between pairs. There are others…google it.
the new school of pipsology also talks about this… here’s the link: What is Currency Correlation? | Currency Correlations | Learn Forex Trading
Be weary when looking at currency correlation and trading based on it. The market is dynamic therefore, by the time you have figures of correlation, it has already changed.
Once you understand currency correlations, then you can use them to “legally” hedge your positions…
Good topic to get a firm grasp on…
Good luck.
This is very true 
what you mean under “legal” hedging?