A broader USD decline is still the likely eventual outcome – HSBC DollarIndex Banks Fed RiskAppetite
“If the financial contagion effects are much more adverse than we anticipate, then the USD should strengthen as a ‘safe haven’ currency. However, in our view, the more probable outcome is that these financial stability risks will eventually be contained.”meeting is behind us and there are more signs of a better global growth inflation mix, it could set the stage for a more positive environment where the USD ultimately weakens.
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