This paper examines the degree of correlation and possible causation between the prices of gold, oil, short- and long-term interest rates, U.S. equities and the U.S. currency value against the Euro and British Pound. The data set utilizes daily returns for the period between the beginning of...

This paper examines the degree of correlation, and possible causation, between the US Dollar (against the Euro and the British Pound) and the US equity market indexes (the S&P 500 and the NASDAQ composite). The information utilized in this study is the 14 year period beginning in January 1999...