GBPUSD: The US dollar usually appreciates in May, but this year

UBS, a Swiss bank, stated in a May thirteen report: "Historically, May has been a tremendous month for the greenback. Our seasonal indicator indicates that call for for USD commonly will increase in overdue April and peaking in mid-May, with the Euro (EUR), Australian Dollar (AUD) and New Zealand Dollar (NZD) commonly maximum affected."

However, UBS says that the greenback has now no longer proven an awful lot seasonal volatility so far, that is constant with the inventory market`s cutting-edge lack of "May selling" tendencies.