6 December 2022 | Other

TD Securities: dollar is strengthening ahead of inflation data and Fed’s meeting

The U.S. dollar moved lower again last week. However, economists at TD Securities believe the currency is going to strengthen ahead of the Consumer Price Index (CPI) data for November and the Federal Reserve (Fed) meeting in December. 

A reversal of impulse signals is likely to bring the dollar down in the short term. Nevertheless, it is rather doubtful that the Greenback will decline in the run-up to the Fed’s meeting and the release of inflation data. 

Experts predict a further weakening of the GBPUSD currency pair. In addition, there is a view that the USDJPY could hit 140 one more time before the year-end. 

Company MarketCheese
Gold buy
Period: 31.01.2026 Expectation: 150 pips
Buying gold on dips with $4,500 target
30 December 2025 375
Period: 06.01.2026 Expectation: 2900 pips
Tesla stock selloff on forecasts of declining deliveries and earnings
30 December 2025 161
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 16.01.2026 Expectation: 1000 pips
AUDUSD is consolidating ahead of renewed upside
30 December 2025 158
Period: 06.01.2026 Expectation: 3125 pips
Selling BTCUSD due to lack of momentum after December consolidation
30 December 2025 106
Period: 15.01.2026 Expectation: 100 pips
Investing in SPX from $6,870
30 December 2025 123
Period: 09.01.2026 Expectation: 7500 pips
Silver rally stalls as prices push past $80
29 December 2025 187
Go to forecasts