Macro Insights
August 18 2025

The Dollar is Our Currency, but It’s Your Problem

25 min read

Kevin Hebner, PhD, Managing Director, Global Investment Strategist, TD Epoch

We explain the four reasons why we expect a weaker dollar – currently overvalued USD, over-ownership by foreign investors, unsustainable imbalances for the U.S. and the administration's goals - and discuss the implications for the CNY, bond yields, sectors and investors.

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