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TD think the USD has further scope to fall - 4 factors

TD is looking for the US dollar to fall further. Analysts at the bank say that after the most recent "positive" inflation report, the USD experienced a dramatic slide. And say that since the positioning-driven surge in May, they have been recommending USD shorts, and believe the current price movement is only the beginning of a more extensive bearish turn in H2.TD says that most medium-term factors:including volatility and valuation mechanics, front-end rate momentumrelative central bank policy,... Read More

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Posted: Jul 17 2023, 20:57

Author Name: forexlive

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