According to TDS, the regime shift for a weaker USD is expected to continue into next year. This is due to the US economy entering a modest recession and the Federal Reserve cutting rates steeply, while the rest of the world is still struggling. The reversion in US curve dynamics from bear to bull steepening will also be bearish for the USD. Another theme to watch out for is the deteriorating fiscal position of the US, which could lead to higher rates but a weaker USD, especially against the JPY. The article also mentions the current status of EUR/USD, GBP/USD, and gold prices, as well as the upcoming Eurozone GDP and US inflation data. The author concludes by mentioning that the FX market will be focusing on the October US CPI release and US retail sales for the week.
Please note that the information provided is for informational purposes only and should not be considered as a recommendation to buy or sell assets. It is important to conduct thorough research before making any investment decisions. [3dda0f0e]