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What Currency Performs Best at the Start of the Year?

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If you are wondering which currency, other than the U.S. dollar, to hold at the start of a new year, past trades show you’ll be better off with euros.Using data analytics platform Kensho, CNBC looked at the average return when holding sterling, euros and the yen against the dollar at the start of a new year.It concluded that for the last three years, you’d have been mostly better off with euros.

Source: This is the currency that performs best at the start of a new year – CNBC

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Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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