๐ต HSBC: The Dollarโs Slide Might Not Be Over Yet ๐
The debate over whether the U.S. dollar has finally hit its bottom is heating up โ but HSBC isnโt convinced. ๐
Paul Mackel, Global Head of FX Research at HSBC, says history is clear:
> โWhen the Fed starts cutting rates and the U.S. dodges a recession, the dollar usually weakens โ and itโs tough to fight that pattern.โ
Even with strong U.S. data and political drama brewing in France and Japan, HSBC remains bearish โ expecting the dollar to find its true bottom sometime early next year.
๐ A softer dollar could reshape global FX flows and spark new opportunities across emerging markets.