{
  "id": 18142382,
  "title": "US Dollar: Payrolls-driven relief selloff prospects – TD Securities",
  "url": "https://urgent.news/2026/11/04/us-dollar-payrolls-driven-relief-selloff-prospects-td-securities",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T15:16:31.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-dollar-payrolls-driven-relief-selloff-prospects-td-securities-202611041516"
  },
  "original_language": "en",
  "account": "TD Securities' FX team, headed by Jayati Bharadwaj and Howard Du, anticipates a modest relief selloff for the US Dollar (USD) before the end of the year. This outlook is based on weaker-than-expected payrolls data, which could further accelerate the decline. The team projects October job growth to be 40,000, following September's 29,000 increase. FX options markets have already started positioning for a weaker USD in the coming months. After a significant rally since September, the base case now suggests a modest relief selloff similar to the USD's performance following the 2018 US midterm election. Lower-than-consensus payrolls figures could provide an extra catalyst for the USD retracement. Despite a subdued-than-consensus print, the forecast predicts that job gains will be within the range of breakeven, resulting in an increase in the three-month moving average. With robust underlying economic activity and persistent inflation risks, a rate hike in December remains likely.",
  "summary": "TD Securities’ FX team, led by Jayati Bharadwaj and Howard Du, expects the US Dollar (USD) to see a modest relief selloff into year-end, with weaker-than-expected payrolls potentially accelerating the decline.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}