Euro Forex Seasonality – EUR/USD
Historically, April has been a modestly positive month for EUR/USD, with the world’s most widely-traded currency pair sporting an average return of +0.3% over the last 50+ years. In March, EUR/USD fell amidst safe haven buying of the US dollar (a common theme throughout the month) and spiking energy prices amidst the conflict in Iran, overwhelming any seasonal tendency. While a recovery is possible this month, it may require tangible progress toward de-escalation in the Middle East before traders are comfortable selling dollars to any meaningful extent.
Historically, April has been a modestly positive month for EUR/USD, with the world’s most widely-traded currency pair sporting an average return of +0.3% over the last 50+ years. In March, EUR/USD fell amidst safe haven buying of the US dollar (a common theme throughout the month) and spiking energy prices amidst the conflict in Iran, overwhelming any seasonal tendency. While a recovery is possible this month, it may require tangible progress toward de-escalation in the Middle East before traders are comfortable selling dollars to any meaningful extent.