US Dollar: Modestly bearish path under gridlock – TD Securities
TD Securities’ Jayati Bharadwaj expects a divided Congress to keep macro fundamentals as the main driver for FX, maintaining a modestly bearish view on the Dollar into year-end. The bank argues fiscal gridlock should narrow U.S.-RoW growth and rate differentials while supporting institutional credibility. A Democratic sweep is seen as initially USD-positive, whereas continued GOP […]









