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USD in steep decline: TD Securities predicts broader downward trend

USD in steep decline: TD Securities predicts broader downward trend
TD Securities maintains its bearish outlook for the USD, suggesting that the currency's recent free fall, following a positive inflation report, marks the beginning of a broader downward trend expected for the second half of 2023 and most of 2024.Key PointsAdvocating USD shorts: TD has been advocating for USD shorts since the positioning-induced rally in May. The bank believes the recent price action is the start of a broader bearish trend in the second half of 2023.Medium-term drivers: TD... Read More
Posted: Jul 18 2023, 18:18
Author Name: forexlive
Views: 110195

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