💵 HSBC: The Dollar’s Slide Might Not Be Over Yet 👀

The debate over whether the U.S. dollar has finally hit its bottom is heating up — but HSBC isn’t convinced. 🔍

Paul Mackel, Global Head of FX Research at HSBC, says history is clear:

> “When the Fed starts cutting rates and the U.S. dodges a recession, the dollar usually weakens — and it’s tough to fight that pattern.”

Even with strong U.S. data and political drama brewing in France and Japan, HSBC remains bearish — expecting the dollar to find its true bottom sometime early next year.

📊 A softer dollar could reshape global FX flows and spark new opportunities across emerging markets.

#USD #Dollar #Forex #HSBC #Macroeconomics #Markets