USD Subject To “Seasonal” Softness in December - TDS

FXStreet (Guatemala) - Analysts at TD Securities have explained there are not going to be surprises in a sell off in the greenback.

"Persistent and sustained USD gains over the past few weeks alongside seasonal pressures suggest a USD pullback really should not surprise now".

"USD’s bias to weakness late in the year is reflected to some degree in the (recent) tendency for commodities to gain and US yields to ease in the month".

"EUR/USD moves tend to drive broader DXY performance; USD weakness tends to reverse in January".