Dollar view pushes TD Securities to top

Bank anticipates USD/CHF and USD/JPY levels

forecasts

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TD Securities has topped last week's one-month currency forecasts with an on-target dollar view against both the yen and the Swiss franc.

On April 10, the Canadian investment bank forecast USD/CHF to fall to 0.93 from 0.97 over a one-month period. The pair dropped to 0.91 before gaining some traction and closing at 0.9315 on May 11, in line with the firm's expectations.

TD Securities also correctly predicted USD/JPY to trade at 120 in a month's time. The pair traded

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