USD Uptrend Intact into FOMC – TD Securities

TD Securities strategists observe that the relatively soft US core CPI print elicited only a minor dip in the US dollar, failing to dent the overarching bullish trend. They maintain the greenback’s uptrend is intact, underpinned by robust payroll data and ongoing geopolitical tensions.

With the Federal Open Market Committee meeting on the horizon, the strategists expect the dollar to hold its ground, driven by a resilient labor market and global uncertainty that continues to favor the greenback as a safe haven.