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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: 103164