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fxAug 5, 2026, 7:16 AM

TD Securities: Dollar's Post-FOMC Dip a Blip, Q3 Uptrend Intact

TD Securities’ macro team views the recent US dollar weakness after the July FOMC meeting as a temporary pullback, reaffirming the Q3 2026 uptrend.

DXY

TD Securities’ macro strategists, led by Jayati Bharadwaj, describe the dollar’s decline following the July Federal Open Market Committee decision as a short-lived retracement.

The team expects the broader US dollar uptrend to remain intact through the third quarter of 2026, suggesting the current setback does not alter the positive directional bias.

Source: FXStreet Forex News