Rate hike timing questions persist – TD Securities

Rate hike timing questions persist – TD Securities

TD Securities strategists reiterate their view that the Reserve Bank of Australia (RBA) will likely need to raise the cash rate to 4.60% in this cycle. They note that the May policy statement suggests hesitation to hike in June, and expects the RBA minutes to clarify this. TD currently forecasts the next RBA cash rate […]

Euro upside attempts remain limited amid cautious markets

Euro upside attempts remain limited amid cautious markets

The Euro (EUR) is ticking higher against the US Dollar (USD) on Monday, but remains below previous lows, now turned into resistance in the 1.1650-1.1670 area, after bouncing from near 1.1600 earlier in the day. The pair is shrugging off the dismal market sentiment, although high Oil prices are likely to keep upside attempts in […]