Greenback strength to persist on delayed Fed rate cut calls [Reuters]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
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Source: Reuters
policies of the Federal Reserve and other major central banks diverge, according to FX strategists polled by Reuters. Recovering from a lull in late-2023, the greenback has shrugged off forecasts for dollar weakness from strategists in Reuters polls over the past year with aplomb, and is already up 4.3% this year against a basket of major currencies It is also more likely to trade higher than predicted rather than lower over the coming three months, according to a near-75% majority of forex strategists, 42 of 58, in an April 29-May 2 Reuters poll. "We remain steadfast in the belief a strong dollar is going to persist. A strong U.S. economy, evident in the activity numbers and stickier inflation, will make it difficult for the Fed to start cutting rates," said Paul Mackel, global head of FX research at HSBC. "As a result...the dollar will remain in pole position versus other major currencies in coming months," he added. Fed Chair said on Wednesday after the central bank's mos
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- 5/15/24 - Form 6-K
- 5/15/24 - Form 13F-HR
- HSBC's page on the SEC website