The USD completed final week flat. Economists at TD Securities analyze Dollar’s outlook.
Use any USD rallies within the subsequent few weeks as promoting alternatives
We proceed to love fading USD rallies, however components present that international FX carry (and momentum) has supplied higher efficiency than taking USD directional views.
Our playbook this week underscores the significance of ‘good’ progress and ‘good’ inflation, the place a mix of excellent progress information and disinflation is a poor combine for the USD. It resonates with the worldwide Goldilocks state of affairs, the place the USD smile requires weak spot.
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