- Analytics
- News and Tools
- Market News
- USD to stay elevated at current levels in the near-term heading into US CPI and year-end – TDS
USD to stay elevated at current levels in the near-term heading into US CPI and year-end – TDS
The US Dollar surged higher post Nonfarm Payrolls. Economists at TD Securities analyze Greenback’s outlook.
Looking for USD downside in the medium-term
Our high-frequency fair value model shows that the USD is somewhat cheap and that the move lower from October highs may have gone a bit too far, too fast.
We are wary of the USD staying elevated at current levels in the near-term heading into US CPI and year-end.
Beyond that, we continue to look for USD downside in the medium-term with steep Fed cuts in H2 24.
© 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
