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, industry influencer, points to the seasonality of the USD during U.S. midterm election years, stating that it has historically experienced more headwind than tailwind.
The comment suggests a tendency for the currency to struggle during this specific political cycle.
Stoeferle recently noted the slide in the BofA Bull & Bear Indicator from 8.4 to 7.4, referencing similarities to previous periods of bearish sentiment. He has also highlighted gold’s rising profile amid declining confidence in central bankers. These observations come alongside his latest comments on USD seasonality during election years.