US Dollar: Gradual upside after hawkish Fed hike – HSBC
HSBC’s FX Viewpoint notes that the Federal Reserve’s unanimous 25bp hike and hawkish guidance have reinforced support for the Dollar. The bank highlights that the dots imply at least one more hike in 2026 and potential tightening in 2027, while still below market pricing.
HSBC's FX Viewpoint highlights the gradual upside for the US Dollar following the Federal Reserve's unanimous 25 basis point hike and hawkish guidance. The bank notes that the dots imply at least one more hike in 2026 and potential tightening in 2027, while still below market pricing. HSBC remains modestly bullish on the USD, expecting further gains to be gradual and data-dependent as other G10 central banks also turn more hawkish.
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