TD Securities analysts maintain a bullish stance on the US Dollar, pointing to robust growth and sticky inflation as key drivers for a hawkish Federal Reserve policy outlook.
TD Securities sees robust US growth, sticky inflation, and upgraded GDP forecasts as supportive for a hawkish Fed, which is bullish for the US Dollar.
TD Securities economists Oscar Munoz and Eli Nir maintain a bullish outlook for the US Dollar, citing resilient economic growth and persistent inflation. Despite minor downward revisions to inflation data, the firm argues that the Federal Reserve remains on a hawkish trajectory, supported by upgraded GDP forecasts.
The firm cites a combination of robust economic growth, sticky inflation, and upgraded GDP forecasts as factors that support a hawkish Federal Reserve policy, which in turn strengthens the US Dollar.