TD Securities: USD Uptrend Intact into FOMC Despite UK CPI Softness
TD Securities strategists note that a softer UK core CPI print initially weakened the USD, but they expect the broader uptrend to hold into next week's FOMC meeting.
USD
TD Securities analysts commented on the US dollar outlook following a softer-than-expected UK core CPI release. While the data triggered an initial bout of USD weakness, the bank maintains that the broader uptrend remains intact.
The strategists expect the dollar to stay supported heading into the Federal Open Market Committee (FOMC) meeting next week, suggesting that the underlying bullish momentum for the greenback is likely to persist despite short-term volatility from foreign data.
Source: FXStreet Forex News