TD Securities: dollar rebound expected in near term
But political tensions could hinder the greenback’s rally
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There is room for the dollar to rebound over the next few weeks, but it will only be a tactical bounce because of position realignment, rather than a major improvement in its medium-term fundamentals, says Ned Rumpeltin, European head of FX strategy at TD Securities.
As a result, TD Securities, which topped last week’s one-month currency forecast table, remains bearish on the dollar.
“Growth surprises in the eurozone have slowed and sluggish inflation will
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