- Analytics
- News and Tools
- Market News
- USD to gradually strengthen over the coming quarters – HSBC
USD to gradually strengthen over the coming quarters – HSBC
FXStreet reports that economists at HSBC expect the USD to strengthen gradually, due to the slowdown in global growth and the Fed’s path towards normalisation.
“COVID-19 in the US has been challenging lately, and that has been cited as a near-term downside risk by the Fed. Indeed, the US economy is losing some speed. All this fuels the idea that the Fed may delay tapering. A potential delay in the slowing of the Fed’s balance sheet would test the USD, although we believe it would be temporary.”
“We still believe the USD is gradually transitioning to a stronger path for two key reasons. First, global growth may be losing speed but is not seen as decelerating quickly. Second, the Fed is edging closer towards eventual rate hikes, which should support the USD”.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
