HSBC: The key to the US dollar lies in US trade policy, not monetary policy
Odaily Planet Daily reports that HSBC global research economists say the key to the dollar's trend may depend more on the evolution of U.S. trade policy than monetary policy. They stated in a report: "For the dollar, the FOMC stance in March was neutral enough not to challenge the general bearish sentiment for the dollar, especially when U.S. Treasury yields are falling." However, they said this is also not enough to prompt continued selling of dollars.
They stated that after a strong start for US Treasuries this year, The Federal Reserve continues to take a wait-and-see attitude, so there is reason to be more cautious about short-term yield and maintain its expectation for 10-year US Treasury yield at 3.50% by end of 2025 unchanged. These economists believe that it is possible for further clearance in U.S stock market as some indicators from this bank show oversold levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hangzhou Garden: Wanlin Shulian currently has no RWA business
Collins: The retreat of global economic integration may increase inflationary pressures
Michael Saylor posts "Stay the course," responding again to the market downturn

Visa and Mastercard are rapidly advancing into the stablecoin sector and seeking acquisitions or investments