While countries struggle with Central Bank indecisions on interest rates, the harvest season in Australia is predictable. Australia boasts a robust commodity base, frequently called a commodity currency. Commodities account for a large share of Australia’s exports, so movements in commodity prices result in movements in export prices. Exports lead to currency conversions to purchase these commodities, leading to a bullish seasonal pattern for the Aussie Dollar as the harvest season begins. Australia’s Harvest Season The Aussie Dollar’s seasonal low, which historically occurs in November-Decemb…
