TD Securities anticipates a modest relief selloff for the US Dollar, noting that disappointing payroll figures could further pressure the currency through the end of the year.
TD Securities' FX team forecasts a modest relief selloff in the US Dollar into year-end, which weaker-than-expected payrolls could accelerate. The report describes the move as modest, so immediate downside is limited, but the directional view adds bearish pressure on the USD.
TD Securities expects a modest relief selloff into year-end, which could speed up only if payrolls come in weaker than expected.
The article notes the selloff is expected to be modest; a stronger-than-expected payrolls report would likely slow or reduce the move.
TD Securities analysts Jayati Bharadwaj and Howard Du project a modest decline for the US Dollar as the year concludes. The firm suggests that weaker-than-expected payroll data could accelerate this downward trend, though the overall move is expected to remain limited in scope.
TD Securities expects a modest relief selloff into year-end, which could speed up only if payrolls come in weaker than expected.
The article notes the selloff is expected to be modest; a stronger-than-expected payrolls report would likely slow or reduce the move.