We Like the Medium-Term Dollar Down Story: TD's McCormick

The video discusses the medium-term outlook for the US dollar, influenced by global economic factors and Fed policies. It contrasts global reflation with US exceptionalism, analyzing the impact on currency trends. The euro-dollar exchange rate is examined, highlighting factors like commodity exposure and equity performance. The role of European equities and economic growth in driving euro strength is explored. Finally, the effects of fiscal spending on currency strength in Europe and the US are discussed, considering taxation and equity market dynamics.

How does the Fed's approach to inflation impact the dollar's value?

What factors are contributing to the medium-term outlook for the dollar?

What are the implications of the global synchronized recovery on the US dollar?

What are the potential triggers for a stronger euro against the dollar?

How might the outcome of the German elections influence the euro?

In what ways could European fiscal spending affect the euro's strength?

What role do equity flows play in the strength of the dollar?