TDS
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US data week: ISM, labor and sentiment in focus – TD Securities
Munoz and Nir expect a relatively quiet US data calendar, with ISM Services likely slipping to 54.0 versus 55.0 consensus,…
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US Dollar: Fading rallies as Fed pricing peaks – TD Securities
TD Securities’ Macro Research’s FX team notes the softer US payrolls data is only marginally negative for the Dollar, with…
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US Dollar: Fed outlook supported by robust data – TD Securities
TD Securities economists Oscar Munoz and Eli Nir assess US PCE and GDP revisions as broadly supportive for a firm…
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Canadian Dollar: Trade tensions and extended BoC hold – TD Securities
TD Securities highlights asymmetric upside risk in USD/CAD as US–Canada trade tensions escalate. Section 338 tariffs are expected to shave…
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United States Dollar: Rebound needs stronger payrolls data – TD Cowen
TD Cowen’s Washington Strategy team, led by Chris Krueger, notes that a durable rebound in the Dollar hinges on stronger…
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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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