9 hours ago
CoinRank
CONTENT
Debate continues over whether the U.S. dollar has hit its floor, but HSBC says further weakness is likely.
Paul Mackel, Global Head of FX Research, noted: “When the Fed begins an easing cycle and the U.S. avoids recession, history shows the dollar tends to weaken — a pattern hard to break.”
Despite talk of U.S. economic resilience and political turmoil in France and Japan, HSBC maintains a bearish stance, expecting the dollar to bottom early next year.
WRITER’S INTRO
