USD seen stronger near term – TDS

FX Strategists at TD Securities noted the greenback could advance further in the near term.

Key Quotes

“We see ongoing two-way risks for the USD but have a slight bias for some further upside in April”.

“This comes mostly as the case for FX gains elsewhere has weakened-for now-and investors still look short the USD overall”.

“Domestic political and macro risks argue for continued caution, however. We look for the USD to resume its trend depreciation in H2”