The US dollar started December with a bang, but suffered a significant correction afterwards. TD looks at seasonal patterns and explains why softness in the greenback during December could be followed by a January rally: Here is their view, courtesy of eFXnews: The USD has been struggling against most majors this week amidst lower UST yields and falling equity prices, which seems at odds for the a typical risk-off environment, notes TD. It’s worth noting here, according to TD, that the greenback tends to experience some seasonal softness in December before this weakness gives way to January strength. “In the relatively limited history of floating exchange rates, there does appear to be something of a seasonal quirk in the USD’s performance. We can note that the recent experience of the USD tends to bear out the idea that the December month is not especially good for the big dollar overall,” TD clarifies. “In any case, we still trust that the USD will overcome its recent soft patch in relatively short order, as the key fundamental factors powering its outperformance since early-summer (economic growth differential and monetary policy divergence relative to the Eurozone and Japan, improved external and fiscal balances, etc.) will remain very much in place for the next two years, at least,” TD adds. “As such, USD weakness in the next few weeks will represent a buying opportunity,” TD advises. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next AUDUSD and USD/JPY have room for rises before turning Gregor Horvat 8 years The US dollar started December with a bang, but suffered a significant correction afterwards. TD looks at seasonal patterns and explains why softness in the greenback during December could be followed by a January rally: Here is their view, courtesy of eFXnews: The USD has been struggling against most majors this week amidst lower UST yields and falling equity prices, which seems at odds for the a typical risk-off environment, notes TD. It's worth noting here, according to TD, that the greenback tends to experience some seasonal softness in December before this weakness gives way to January strength. "In the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.