TD Securities economists, led by Robert Both, expect the Bank of Canada to keep the overnight rate at 2.25% through 2026 before lifting it back to a 2.75% neutral level in 2027.
UOB’s Quek Ser Leang and Lee Sue Ann expect USD/SGD to edge lower and test 1.2760 in the near term, though a sustained break below that level is unlikely. They maintain a 1–3 week range-trading view between 1.2730 and 1.2820, with major support at 1.2730 seen as intact.
UOB’s Quek Ser Leang and Lee Sue Ann note USD/JPY pulled back sharply after closing at 159.19, with scope to test 158.70 while a sustained drop below that level and 158.40 strong support is seen as unlikely.