TDS
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New Zealand Dollar: Bearish stance maintained on rate hike pricing – TD Securities
TD Securities’ FX strategist Howard Du maintains a bearish New Zealand Dollar (NZD) bias, noting that Reserve Bank of New…
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Canadian Dollar: GDP rebound supports Loonie – TD Securities
TD Securities economists Robert Both and Emma Lawrence expect Canada’s Q2 National Accounts to show a sharp rebound in Gross…
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Bank of Canada: Tariff deal unlikely to accelerate hikes – TD Securities
TD Securities’ Robert Both expects the Bank of Canada to remain cautious even if a tariff agreement is reached. The…
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Australian Dollar : Hawkish hold keeps risks alive – TD Securities
TD Securities’ Prashant Newnaha and Alex Loo note that the Reserve Bank of Australia left the cash rate at 4.35%…
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Australian Dollar: RBA policy pause maintained – TD Securities
TD Securities strategists expect the Reserve Bank of Australia (RBA) to leave the cash rate unchanged at 4.35%, noting that…
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Canadian Dollar: Labour strength and BoC stance – TD Securities
TD Securities economists Robert Both and Emma Lawrence highlight a strong Canadian labour market, with July employment up 75k and…
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Canadian Dollar: Labour resilience favours CAD against US Dollar – TD Securities
TD Securities strategists expect Canada’s July Jobs Report to confirm ongoing labour market strength, with employment rising another 20k, matching…
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Japanese Yen: Gains against US Dollar to remain limited – TD Securities
TD Securities strategists argue that recent Japanese Ministry of Finance (MoF) interventions and talk of joint United States (US)/Japan action…
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Swiss Franc: Weak performance tied to carry and Gold – TD Securities
TD Securities strategists argue that the Swiss Franc’s (CHF) underperformance since the February 2026 Iran shock reflects both low-yield carry…
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RBNZ: Policy pace and July hike – TD Securities
TD Securities’ Prashant Newnaha expects the Reserve Bank of New Zealand (RBNZ) to raise the Official Cash Rate (OCR) by…
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