TD Securities is expecting the US dollar to weaken in Q2 and Q3 of 2024, and risk trades to strengthen. Analyss at the bank cite:Its indicators suggest the global economy is acceleratingUS data trends are strongThe Federal Reserve will eventually cut ratesGlobal financial conditions are also easing China looks more stableGovernments are spending in a key election year“This backdrop is risk positive and dollar negative” 'Eventual' Fed easing leaves lots of room for maneuver. This article was written by Eamonn Sheridan at www.forexlive.com.
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