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Oct 14 - 06:55 PM

USD: Looks Vulnerable Through October But Prefers Relative-Value Trade N-Term - TD

By eFXdata  —  Oct 14 - 03:00 PM

TD Research discusses the USD outlook in October and likes relative-value trades in the near-term.

"We think a fine line exists between stagflation and reflation, underscoring a nice setup for relative value trades rather than a straight-line USD view this month. However, we also note that USD signals read stretched once again while market pessimism runs deep," TD notes. 

As a result, the USD looks vulnerable through October even if the funders underperform. October seasonal trends works against the USD too," TD adds. 

Source:
TD Bank Research/Market Commentary

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