TD Research discusses the USD outlook in light of the G20 Summit over the weekend.
"The G20 is finally here. Despite some of the reporting in the press, we think that the US and China are poised to return to the negotiation table. We get the sense that the market is anticipating this too, but a confirmation of such should help to support risk sentiment in the coming days," TD notes.
"Ultimately, we look for this weekend's G20 Summit to be supportive of risk sentiment and extend emergent themes in the last two weeks - a weaker USD," TD adds.