TD bullish risk, bearish USD: global economy strong, China stabilizing, Fed to cut
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TD Securities expects the US dollar to weaken in Q2 and Q3 of 2024, and risk trades to strengthen. The bank's analysis cites indicators suggesting the global economy is accelerating, strong US data trends, the eventual cutting of rates by the Federal Reserve, easing global financial conditions, China's increased stability, and increased government spending in a key election year. TD Securities believes this backdrop is risk positive and dollar negative.

#TdSecurities #UsDollar #GlobalEconomy #China #FederalReserve #RiskTrades

https://www.forexlive.com/centralbank/td-bullish-risk-bearish-usd-global-economy-strong-china-stabilizing-fed-to-cut-20240227/