November seasonals weakness in AUD
I'm a bit late to the party this month but I'll have a look at November seasonals up shortly. One thing to note is that it's a tough month for the Australian dollar. AUD/USD is down in 8 of the past 11 years and the average decline over the past decade is 1.4% -- the third worst month on the calendar.
As for October seasonals, I thought they might have been sour because of the wild swings in markets but they were bang on for the forex market. Here's what I wrote at the start of October.
