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January seasonal patterns: Dollar tailwind

January seasonal patterns: Dollar tailwind

It's a new year of trading but it's also time to look back at some old seasonal patterns.

The US dollar tends to strengthen in January; with an average gain of 0.44% over the past two decades, it's the second-best month for the dollar index.

Where is the dollar strength:

  • It's the second-worst month for EUR/USD
  • It's the worst month for CAD
  • Cable bucks the trend, as it's a decent month for the pound
  • It's the strongest month of the year for gold Read More
Posted: Jan 3 2023, 15:52
Author Name: forexlive
Views: 112552

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