Seasonality and Australian Dollar/U.S. Dollar, New Zealand Dollar/U.S. Dollar
Both governments present budgets to their respective parliaments in May to be voted on around the June/July period. And again, major companies pass budgets during this time to coincide with government budgets. As was the case for the British pound sterling/U.S. dollar, Australian dollar/U.S. dollar and New Zealand dollar/U.S. dollar, they don't necessarily peak during the June/July period. Rather both peak around the November/December time frame. What has occurred during July since 1999 for Australian dollar/U.S. dollar has actually been up months historically, while the majority of months for New Zealand dollar/U.S. dollar has actually been down. But both peak during ...
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