USD is seasonally strong in May, EUR to weaken

  • May has typically been the best month for USD performance
  • this may put pressure on the euro, and indeed … “We saw a little taste of that on Friday with the largest one-day fall in EUR in over a year”
  •  strategists including Daniel Been wrote in a note
Friday’s EUR drop noted below:
Adam posted on the seasonals to watch for this month:  May forex seasonals: The consensus and the conventional wisdom are wrong