TD remains bullish on the USD ...Middle East

The bank's quantitative and macroeconomic framework remains bullish on the dollar relative to G10 currencies, even as short-term positioning and valuations appear stretched. The analysts say that their outlook is driven by a shift in market fundamentals, where growth and inflation momentum increasingly favour the USD.

Given these factors, TD anticipate the U.S. Dollar Index (DXY) to retest its 2022 highs, suggesting a core long positioning against currencies such as the euro (EUR), Canadian dollar (CAD), British pound (GBP), Australian dollar (AUD), South Korean won (KRW), and Chinese yuan (CNH).

Indeed, TD add:

a near-term pullback in USD offers good entry points to go longthat they like longs in the USD or JPY This article was written by Eamonn Sheridan at www.forexlive.com.

Hence then, the article about td remains bullish on the usd was published today ( Friday 17/01/2025 - 01:47 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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