Toronto Dominion BankTD
Mentioned
TD Securities' Macro Research is maintaining a negative stance on the Australian Dollar relative to the New Zealand Dollar following the Reserve Bank of Australia's September decision. With the cash rate at 4.60% and no further hikes expected this year, the firm sees AUD underperformance persisting.
Toronto Dominion BankRBA holds at 4.60% with no further hikes expected, keeping AUD under pressure vs USD.
NZD is favored over AUD as the RBA's on-hold stance implies AUD underperformance.