Investors should consider buying the Australian dollar in February as the currency has a solid seasonal pattern to outperform during this month, says Australia and New Zealand Banking Group (ANZ). "The currency with the best directional move is AUD, rising in 10 out of the last 13 years during February. The average spot return during that time is not that impressive at 0.74% but on closer inspection, we find that since 2002, AUD has posted positive gains in all February months bar one. In addition, the average spot return was dragged lower by large declines in 2000 and 2001. The median spot return for AUD is a more ... (full story)