Dollar Unlikely to Come Under Significant Pressure: TD Securities

The video discusses the recent strength of the US dollar, driven by solid US economic data and weaker global economic conditions, particularly in Europe. It highlights the dovish stance of central banks outside the US, which has supported the dollar. Despite potential dovish signals from the Fed, the dollar remains attractive due to its high carry among G10 currencies. The video concludes that the dollar is unlikely to face significant pressure in the near term, given the current economic environment.

In what ways might the Fed's dovish stance affect the dollar's performance?

Why is it considered difficult to see the dollar come under significant pressure in the near term?