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How Does the US Dollar Perform Over the Month of December?
By DailyFX Updates | November 26, 2007
Seasonality studies have long been one of the favorite indicators among futures traders, but despite the fact that seasonal trends do form in the FX market, this type of study is largely overlooked by currency traders. Last year, we published an article on how the U.S. dollar has been performing during the month of December and although the seasonality did not hold in 2006, the statistical significance of the past few 20 years worth of data makes it worthwhile to mention again especially since there are many reasons why the US dollar could weaken further. This includes the possibility of more subprime losses and weaker holiday spending. For the purpose of this analytical study, we will focus on price action.
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