Profit Off Hurricanes?

The National Oceanic and Atmospheric Administration (NOAA) says it expects a busy hurricane season in the United States this year. NOAA is predicting an above normal hurricane season, with 13 to 16 named storms, of which eight to 10 are predicted to become hurricanes, and four to six of those hurricanes are predicted to become major, at category-three strength or higher.

Check out the USD/CHF‘s reaction to major hurricanes that hit the U.S. mainland last year:

Take a look last year’s hurricane activity compared to previous years. The blue is total number of storms while the red are major hurricanes.

NOAA administrator, Conrad Lautenbacher, said he expects the number of tropical storms and hurricanes this year will not surpass last year’s, but will still be "higher" than the seasonal average.

CNN created a pretty interesting special report on this year’s upcoming hurricane season.

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