Forex Flash: AUD/USD has appreciated each February since 2002 - ANZ
Forex pairs in this Article »
AUD/USD
FXstreet.com (Barcelona) - The Australian Dollar is one of the favourte currencies for potential appreciation in the month of February, according to Khoon Goh, senior FX Strategist at ANZ, who identifies a seasonality effect in the AUD during February.
As Mr. Goh notes: "AUD has gained vs the USD in Feb in all years bar since 2002. While outright long in AUD vs USD is a straightforward way to take advantage of the seasonal pattern, long AUD vs KRW and INR has historically offered better gains."
As Mr. Goh notes: "AUD has gained vs the USD in Feb in all years bar since 2002. While outright long in AUD vs USD is a straightforward way to take advantage of the seasonal pattern, long AUD vs KRW and INR has historically offered better gains."
Free Annual Reports
