November is a rough one for the Australian dollar (and the Oct seasonal scorecard)

Author: Adam Button | Category: Forex Orders

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.


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