AUDUSD: AUDUSD analysis today
UBS, a Swiss bank, stated in a May thirteen report: "Historically, May has been a superb month for the greenback. Our seasonal indicator indicates that call for for USD normally will increase in overdue April and peaking in mid-May, with the Euro (EUR), Australian Dollar (AUD) and New Zealand Dollar (NZD) normally maximum affected."
UBS added: "More mainly to the overseas exchange (FX) marketplace, that is additionally a signal that the marketplace can also additionally were preserving the USD lengthy for superb costs and as a shielding hedge. This prevents chance sell-offs in desire of the greenback as visible in preceding periods, while the greenback acted as extra of a supply of chance."
UBS added: "More mainly to the overseas exchange (FX) marketplace, that is additionally a signal that the marketplace can also additionally were preserving the USD lengthy for superb costs and as a shielding hedge. This prevents chance sell-offs in desire of the greenback as visible in preceding periods, while the greenback acted as extra of a supply of chance."
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