Golden Finance reported that the forex strategist at TD Securities stated that the possibility of the U.S. falling into stagflation has become the latest risk facing the strength of the dollar, and amid political interference in federal agencies, the dollar is gradually falling into a “position similar to that of emerging market currencies.” “Although the market seems to ignore inflation and instead follow 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 made a hawkish interpretation.”
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