- USD to stay elevated at current levels in the near-term heading into US CPI and year-end – TDS
Market news
11 December 2023
USD to stay elevated at current levels in the near-term heading into US CPI and year-end – TDS
The US Dollar surged higher post Nonfarm Payrolls. Economists at TD Securities analyze Greenback’s outlook.
Looking for USD downside in the medium-term
Our high-frequency fair value model shows that the USD is somewhat cheap and that the move lower from October highs may have gone a bit too far, too fast.
We are wary of the USD staying elevated at current levels in the near-term heading into US CPI and year-end.
Beyond that, we continue to look for USD downside in the medium-term with steep Fed cuts in H2 24.
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