Dollar Bounce Has a Ceiling: TD Bank
- Category: USD
The dollar has room to extend its recent gains, TD Bank says, but strategists say this is not to be mistaken for a sustained appreciation due to a structural shift.
The pound's multi-month rally against the dollar is effectively over show updated forecasts.
Morgan Stanley says the pound looks set to defy consensus and strengthen in the coming months.
The pound can rebound against the dollar early in the week, but the outlook has certainly shifted in favour of further weakness as the dollar makes a comeback.