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Forex Seasonality Update: We Forecast USDCAD Declines (Daily FX)

19th August 2008

Forex Seasonality Update: We Forecast USDCAD Declines (Daily FX)

posted in News |

Our recent forex seasonality report made an argument for a substantial reversal in the Canadian dollar and Japanese Yen through the month of August, but we have yet to see any major moves in either the USDJPY or USDCAD. We forecasted that both the Canadian and Japanese Yen would appreciate through the past week of trade, and both forex pairs have gone almost nowhere through that stretch.

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