September is known for shaking global markets — from stocks and bonds to gold, history shows that few assets escape the seasonal slump that typically strikes this month. But there’s one outlier that’s repeatedly delivered when everything else stumbles: the U.S. dollar.
- The UUP ETF is down nearly 10% year-to-date. Is it poised for a September rebound?
Cash Is King In September: The Dollar’s Seasonal Strength Stands Alone
As September kicks in, investors are taking risk off the table and shifting to cash.
While the SPDR S&P 500 ETF Trust (NYSE:SPY) has averaged a 1% decline in September over the past decades, and gold has posted a 1.81% average drop over the past 10 years in the same month, the U.S. Dollar Index (DXY) has quietly proven to be a reliable performer.
In the last 10 years, …