
The Macro Brief – Return of the King dollar
HSBC Global Viewpoint
The US Dollar's Comeback: Can It Continue to Rise?
In this week's macro brief, we explore the currency markets and the rise of the US dollar. Despite expectations of further weakness, the economic outlook has shifted, leading to a change in forecast. Initially, it was believed that the US would go into recession while China would rebound, but the reality has been different. The dollar has remained range bound, caught between risk appetite and the yield advantage it offers.
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