- Analytics
- News and Tools
- Market News
- Disinflation and good data is bad for the USD – TDS
Disinflation and good data is bad for the USD – TDS
The USD closed last week mixed. Economists at TD Securities analyze the greenback’s outlook.
Good growth news should be welcome, especially if it dovetails with continued disinflation
The setup for H2 will hinge on a few fluid narratives that have played out through H1. The major questions are about the impact of good news. Is good news good for markets or bad for markets? Put another way, should we cheer on positive data surprises or worry about them? We think the former, suggesting that good growth news should be welcome, especially if it dovetails with continued disinflation.
This week's US inflation release will set the tone. We're below consensus, looking for a 0.2% MoM print that should reinforce that disinflation plus positive growth news is bad for the USD and good for risk.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
