In the case of GBP/USD, the pair has only posted six positive August months since 2004. Meanwhile, there is only four such August months for AUD/USD over the last 20 years. But interestingly, both did post positive months in 2024 and are poised to repeat that again in 2025 if the first week is anything to go by.
For one, the dollar has fallen off hard after the dismal US labour market report last week. That saw traders bring forward Fed rate cut expectations with fears of even softer US data still to come in Q3 2025. That is a key driver impacting both currency pairs right now.
And then, we are seeing the aussie hold up amid better risk sentiment in markets. Equities have gone from fearing the worsening economy last Friday to cheering on Fed rate cuts and that's lifting the broader mood. So, that at least is helping to brush aside some of the negativity back home with the RBA poised to cut rates next week.
Coming up next week, the US CPI report will be another key driver to impact the dollar and that will likely help to set the tone for what's left of August trading. So, be sure to keep a watchful eye on that.
This article was written by Justin Low at investinglive.com.Hence then, the article about sterling and aussie look to shake off the seasonal blues this year was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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