US Dollar has further upside to start the summer – TDS

FXStreet Insights Team FXStreet

The USD rallied across the board last week. Economists at TD Securities discuss greenback outlook.

Near-term outlook has turned less USD bearish

“The USD has further upside to start the summer simply just to work off legacy shorts that were built up before the implosion of China and European data surprises.”

“However, while the near-term outlook has turned less USD bearish, we still forecast a weaker USD through H2.”

See: Outside chance that the Fed will implement another step is positive for the USD – Commerzbank

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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