The USD is likely to strengthen further in the months to come and into 2024, in the view of economists at HSBC. No additional rate hikes, first rate c
The USD is likely to strengthen further in the months to come and into 2024, in the view of economists at HSBC.We expect the USD to strengthen in the months to come, notably against the EUR and GBP. Where the USD is priced for a sequence of rate cuts in 2024, both the EUR and GBP have relatively modest easing in mind. Relative policy expectations could shift in favour of the USD.
Our economists expect unchanged policy rates through mid-2024 and now see just 50 bps in rate cuts starting 3Q24.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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