19:59
Dominion Securities: Stagflation is the latest risk facing the US dollar
Golden Finance reports that the forex strategist at TD Securities noted that the possibility of the U.S. falling into stagflation has become the latest risk facing the strength of the dollar, and against the backdrop of political interference in federal agencies, the dollar is gradually finding itself in the "emerging market currency situation." "Although the market seems to have overlooked inflation and shifted its focus to the slowdown in economic growth, this could be a mistake," wrote Jayati Bharadwaj, Linda Cheng, and Alex Loo from TD Securities in a report on Monday. "The last U.S. CPI report showed the first signs of tariffs being passed on to consumers, and despite some downside surprises, the market still interpreted it in a hawkish manner."
ALEX-8.1%