TD Securities: Recent rally in the U.S. dollar unlikely to sustain, may decline by year-end.
TechFlame
2026-04-07 14:05
TechFlame2026-04-07 14:05
English
TechFlame News, according to Jinshi reports, strategists at TD Securities stated in a report that the sustainability of the recent dollar rally may be more limited compared to 2022 due to the energy price shock triggered by the Iran war. They noted that during the Russia-Ukraine conflict in 2022, which pushed up oil prices, the dollar's rise was slow and steady but continued to strengthen even after oil prices retreated. TD Securities expects that if inflation slows, the Federal Reserve will consider resuming interest rate cuts in the third quarter of 2026, with the dollar projected to weaken by year-end.