"El Nino has peaked and is declining, indicating a return to neutral in the southern hemisphere autumn 2024 (March-June)," the Australian Bureau of Meteorology wrote last week.
Even more the institute forecasts that El Nino may completely dissipate by June.
For our clients, that won’t come as a surprise as we highlighted this scenario over a couple of weeks.
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Goodbye El Nino - Hello again La Nina // The case for Bitcoin