FN Arena News
Latest News
Asia
Australia
Commodities
Currencies
Feature Stories
FYI
Small Caps
Technicals
Weekly Insights
Weekly PDF
Research Reports

FNArena

Email Us

Member Login


Currencies

Will the Aussie Run In February, Again?
FNArena News - February 01 2013

By Andrew Nelson

For the last ten years the Aussie Dollar has run higher against the US Dollar in February, except for 2002. It has also run higher consistently against most other G10 currencies as well. ANZ Research senior FX strategist Khoon Goh has found a few ways to take advantage of this trend.

Goh notes the currency that posts the best directional move out of all G10 currencies in February is the AUD, which has risen 10 out of the last 13 years. While the average spot return may not be all that impressive at 0.74%, a close looks shows that since 2002, the AUD still posted positive gains in all February months bar one.

Also clouding the picture are some large declines in 2000 and 2001, which has pulled the average spot return trend for the AUD lower. However, Goh notes the median spot return for the AUD is a much nicer looking 1.31%, while the average return since 2002 is 1.55%.

The bank’s analysis also shows that the crosses that tend to post the best overall returns over February both involve the AUD. The AUD/KRW (Korean won) has averaged spot returns of 1.53%, with gains in 9 out of the past 13 years. The AUD/INR (Indian rupee) has posted more modest gains of 1.13%.

The full story is for FN Arena subscribers only. To Subscribe click here

Or If You're New To FN Arena - click here for a trial

If you are a subscriber login here


Member Login

Username: Password:
Remember Me Lost your logon details?








Our archive tells no lies. FNArena warned its readers well before the price of crude oil peaked in 2008 the speculator bubble would deflate with devastating consequences for those holding oil company shares. In August we warned the most severe correction in modern history was forthcoming for natural resources. In 2007 we warned the problem with US subprime mortgages would prove much bigger than experts and media were anticipating (among other things).

FNArena is showing the true value of truly independent financial analysis and reporting. Our daily news reports can be trialed at no cost and with no obligations at www.fnarena.com. Simply sign up and see it for yourself.

Subscribers and trialists should read our terms and conditions, available on the website.

All material published by FNArena is the copyright of the publisher, unless otherwise stated. Reproduction in whole or in part is not permitted without written permission of the publisher.


The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.
© News Network 2014. All Rights Reserved. No portion of this website may be reproduced, copied or in any way re-used without written permission from News Network. All subscribers should read our terms and conditions.