- Analytics
- News and Tools
- Market News
- USD: Balance of risks skewed to the downside over the next few weeks – HSBC
USD: Balance of risks skewed to the downside over the next few weeks – HSBC
The dominant driver of the FX market has recently switched to interest rates from risk appetite. Against this backdrop, USD strength looks toppish over the near term, in the view of economists at HSBC.
Near-term asymmetric downside
“While we think that the USD is likely to be range-bound, we see the balance of risks as skewed to the downside over the next few weeks.”
“As the market focus now seems to be on interest rates, rather than risk appetite, any further upside US data surprises would see a stronger USD. The employment report will be on 10 March and CPI on 14 March (the latter during the Fed’s blackout period); however, given the recent USD rally and hawkish rate expectations, there is likely an asymmetric downside to any dovish surprise.”
© 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
