According to research, September is the month where stock performs the poorest. Investors tend to averse risk during this period on following theories & events: (1) Light trading volume during summer month. (2) Fiscal year-end for mutual funds, thereby closing losing positions. (3) The FED will likely hold interest rate hike after a dismal result last Friday. Chances are, December is the perfect month for rate adjustment similar to FED's 2015 move.
With this regard, Investors may avert risk this month and move to safe haven assets. So everything versus the US Dollar should rise including EUR unless a "Black Swan Event" distorts the usual norm.
With this regard, Investors may avert risk this month and move to safe haven assets. So everything versus the US Dollar should rise including EUR unless a "Black Swan Event" distorts the usual norm.