That's the view from TD with attention turning to the KC Federal Reserve symposium

  • We see risks the Fed Chair could disappoint markets looking for a green light on an extended easing campaign.
  • Rates may take the brunt of the hit, but we doubt the USD will be able to shrug off any repricing in policy expectations - even if these ultimately prove short-lived.

Given the US dollar move even today sounds like TD are onto something ….

Earlier posts: