No flight to quality for dollar – TD Securities

With US macro and political worries on the front foot, the yen is likely to serve as the risk proxy

yen-japan
Yen strength: TD Securities expects the repatriation of funds back to Japan to sustain the currency

CLICK HERE TO DOWNLOAD THE PDF

Despite the return of risk aversion during the course of this year, market participants are unlikely to pile into the dollar in a flight to quality, as is often the case when risk sentiment dampens, says Ned Rumpeltin, European head of FX strategy at TD Securities.

While the euro could face some headwinds in the near term, beginning with the outcome of the Italian election and German coalition votes this weekend, Rumpeltin says these are likely to be overshadowed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: