TD FX Strategy Research expects a mix of better data and/or a measured Fed could see the USD start to recoup some of its recent losses against its peers in the G10.
“For now, we remain buyers of EUR dips with our HFFV still pointing to some correction risks in EURUSD.
We would look to reestablish fresh longs near 1.1050 but like near-term upside in EURAUD,” TD recommends.
EUR/USD is trading circa 1.1275 and EUR/AUD is trading circa 1.4865 as of writing.
Source: TD Securities Research
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