Euro’s Traditional Santa Rally Faces a High Bar This Time
- Euro tends to shine in December on year-end dollar selling
- This year it may struggle to extend Nov. surge amid headwinds
A customer at chocolate store in Brussels.
Photographer: Milan Jaros/BloombergThis article is for subscribers only.
After the euro’s best month since 2010, traders counting on a traditional year-end rally may be disappointed.
History shows the single currency tends to gain against the dollar in December. But after a surge of more than 5% in November, the bar for further seasonal cheer is much higher.