Paul Mackel

Paul Mackel, Global Head of FX Research at HSBC, delves into the surprising resilience of the U.S. dollar and its potential for further strengthening against G10 currencies. He examines the impact of political events and economic challenges from regions like China and the eurozone. Paul discusses how recent tariff proposals have caused notable shifts in currency values, particularly the Canadian dollar and the peso. Additionally, he highlights the increasing role of AI in financial market analysis, reshaping how economists approach currency forecasting.

Janet Henry, Global Chief Economist at HSBC, shares her insights on US economic resilience and future rate cuts. Murat Ulgen, Global Head of Macro Strategy, discusses the bullish market sentiment amidst global uncertainties. Paul Mackel, Global Head of FX Research, analyzes the dollar's potential decline as the Fed eases. They also explore the impact of AI on productivity, emerging markets' stability, and the limited inflationary effects of tariffs. The conversation highlights key issues such as corporate credit risks and gold's appeal amid uncertainty.