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Jun 02 - 02:55 PM

USD: June Seasonality: Tends To Rise In First Week Of June And Then Sell-Off In Last Week Of June - BofA

By eFXdata  —  Jun 02 - 01:30 PM

Bank of America Global Research examines USD seasonality in the first and the last week of the month of June, using historical data since 2000.

"We find USD tends to broadly rise against rest of G10 currencies in the first week of June, and then sell off in the last week of June.

We find the sharpest seasonality this week favors USD against AUD, EUR and CHF. The risk to this view is a fall in volatility that undermines the USD," BofA notes.

Source:
BofA Global Research

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