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November foreign exchange seasonals: Robust time to wager towards the US greenback

It is the perfect month of the yr for the greenback index

The US greenback had a horrible begin to November because it was crushed up throughout the board on November 1 with explicit weak point towards AUD, NZD and GBP.

However the greenback bulls would possibly but have the final snigger. Or no less than they may if the current seasonal patterns maintain up.

Over the previous decade, November has been the perfect month for the US greenback index, averaging a climb of 1.46% in that point and climbing in eight of the previous 10 years.

The greenback is especially sturdy in November towards the euro, New Zealand greenback, Swiss franc and yen.

ForexLive


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