TD Securities: Fed holds key to USD recovery

federal reserve

 

TD Securities topped this week’s three-month currency forecast index by maintaining a bearish view of the US dollar’s prospects in 2010. This is largely based on the weak fiscal position of the US and ongoing investor diversification away from the dollar.

This year has seen a sharp rebound in portfolio and direct investment into the eurozone, specifically debt and equity markets – portfolio investment inflows reached €571.6 billion in the 12 months up to August, an increase from €127 billion

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