TD Securities says unchanged Fed decision could trigger brief dollar weakness

TD Securities says unchanged Fed decision could trigger brief dollar weakness

N
News Editor
2026-07-28 15:01:47
TD Securities strategists said in a report, cited by Jin10 and carried by ChainCatcher, that the U.S. dollar could see a reflexive bout of weakness if the Federal Reserve leaves interest rates unchanged on Wednesday. The report said the base case is for rates to stay on hold, while Fed officials Hammack and Logan are expected to dissent in favor of a rate hike. Even so, the strategists said any near-term softness in the dollar may be limited because expectations for additional Fed tightening during the remainder of 2026 are still reflected in pricing. The note frames the potential move as short term rather than a broader shift, with policy expectations later in 2026 acting as a constraint on a deeper pullback in the greenback.
Federal ReserveU.S. DollarTD SecuritiesInterest RatesPolicy Regulation

TD Securities strategists said in a report that the U.S. dollar could weaken reflexively if the Federal Reserve keeps interest rates unchanged on Wednesday, according to Jin10 in a report cited by ChainCatcher.

The strategists expect the Fed to leave rates unchanged. They also said Hammack and Logan are likely to dissent and back a rate hike.

Still, the report said any short-term weakness in the dollar could be limited, as expectations for further Fed rate increases over the rest of 2026 remain intact in market pricing.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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