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6 December 2022 | Other

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

GBPUSD
AUDUSD
EURUSD
USDJPY
USDCAD

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. 

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