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May 19 - 12:55 AM

USD: USD Strength Should Persist Through Q2 And Perhaps A Bit Longer - TD

By eFXdata  —  May 18 - 04:30 PM

TD Research maintains a bullish bias on the USD through Q2.

"The market has quickly shifted from Fed hikes to global recession fears. The surprise rests on the shift in correlations, raising the question of how much stress has been priced in. $ strength should persist through Q2 (and perhaps a bit longer), yet we also note the recent decoupling with many global factors," TD notes. 

"The $ offers nice hedging properties for global investors, especially as markets have started to climb the wall of worry again," TD adds. 

Source:
TD Bank Research/Market Commentary

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