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Yоu аre mаnаging a pоrtfоlio consisting of two currencies: the Euro (EUR) and the U.S. Dollar (USD). Over the past few months, you have observed different correlation levels between these two currencies, and you need to understand how their relationship affects the volatility (standard deviation) of the portfolio. Scenario 1: The correlation between the EUR and USD is highly positive (+0.8), meaning the two currencies tend to move in the same direction most of the time. Scenario 2: The correlation between the EUR and USD is negative (-0.6), meaning the two currencies tend to move in opposite directions most of the time. You are evaluating how these correlations affect the overall risk (standard deviation) of the portfolio, which consists of 50% EUR and 50% USD. How does the correlation between the EUR and USD affect the standard deviation of the portfolio in the given scenarios?