TD Research notes that after the removal of the event risk this week which has offered a relief rally to EUR and other European currencies, the next risk event will be the G20.
In that regard, TD argues that given the market’s uncertainty over the administration reaction function to FX, this event will be closely watched by the FX market.
"Given our read of longer-term fair value, this leaves the greenback vulnerable into the weekend," TD warns.
Source: TD Securities ResearchOriginal Article
