TD Securities: Stagflation is the latest risk facing the US dollar

According to a report by Golden Finance, foreign exchange strategists at TD Securities stated that the possibility of stagflation in the United States has become the latest risk facing the strength of the US dollar, and the US dollar is gradually falling into the "emerging market currency situation" amid political intervention by federal agencies. Although the market seems to have overlooked inflation and instead focused on slowing economic growth, this could be a mistake, "wrote Jayati Bharadwaj, Linda Cheng, and Alex Loo from TD Securities in a report on Monday. The previous US CPI report showed for the first time signs of tariffs being transmitted to the consumer end, despite unexpected downturns, the market still interpreted it as hawkish