Forex
EUR/USD Sees Seasonal Boost in September Amid Interest Rate Hikes
The EUR/USD currency pair has historically performed well in September, with an average return of +0.6% over the last 50+ years.
Last month, the pair bucked its seasonal weakness to rise 0.7%, and with potential interest rate hikes from both the ECB and Fed pending on NFP and CPI data, volatility is likely in September.
Other currency pairs are also showing seasonal tendencies: USD/JPY has historically been bearish in September, while GBP/USD and AUD/USD have seen relatively weak performance.