Alerts

November is a tough one for the Australian greenback (and the Oct seasonal scorecard)

November seasonals weak point in AUD

I am a bit late to the social gathering this month however I will take a look at November seasonals up shortly. One factor to notice is that it is a powerful month for the Australian greenback. AUD/USD is down in eight of the previous 11 years and the typical decline over the previous decade is 1.four% — the third worst month on the calendar.

As for October seasonals, I assumed they could have been bitter due to the wild swings in markets however they had been bang on for the foreign exchange market. Here is what I wrote in the beginning of October.

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