### POV: STRONG USD SEASONALS IN MAY - The...>

DOLLAR: ### POV: STRONG USD SEASONALS IN MAY

- The seasonal theme in May displays broad USD strength against a basket of

currencies and will look for the trend to continue.

- USDNOK up ten of the last twelve years   - Average gain 2.18%

- GBPUSD down nine straight years          - Average loss 2.43%

- EURUSD down eight of the last nine years - Average loss 2.74%

- AUDUSD down seven of the last nine years - Average loss 3.75%

- NZDUSD down seven of the last nine years - Average loss 2.43%

- USDCAD up seven of the nine years        - Average gain 2.09%

- USDCHF up five of the last seven years   - Average gain 1.81%

- USDJPY up six of the last twelve years   - Average gain 0.44%

- DXY up ten of the last twelve years      - Average gain 1.47%

- RISK - The US jobs report is due up at 1230GMT. Nonfarm payrolls are forecast

to rise by 190,000 in April after a stronger-than-expected 196,000 increase in

March.