HSBC: The US dollar may weaken again, expected to bottom out early next year
ChainCatcher news, according to Golden Ten Data, HSBC believes that the US dollar is likely to weaken again. Paul Mackel, Global Head of FX Research at HSBC, pointed out in a report that historically, when the Federal Reserve restarts an easing cycle and the US economy avoids recession, the US dollar tends to weaken. Mackel expects the US dollar to bottom out early next year.
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