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Jun 22 - 10:55 AM

USD: A Taper Tantrum or Just Some Indigestion? - TD

By eFXdata  —  Jun 22 - 09:30 AM

TD Research discusses the USD outlook and investigates whether we're seeing a repeat of the taper tantrum

"The recent move across markets likely rests in positioning and overdone reflation valuations rather than a reversal of the Fed's reaction function," TD notes. 

"Tantrum prospects are likely limited by the upside in real rates and the implementation of AIT. Still, the USD started to perk up about six months ahead of the taper, though the catch is that we don't expect the same USD follow-through this time around," TD adds. 

Source:
TD Bank Research/Market Commentary

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