US Dollar likely to stay strong in the months ahead – HSBC
Source Fxstreet
The US Dollar (USD) is likely to remain strong in the months ahead, according to economists at HSBC.
Not run out of gas yet
The US Dollar will not be strengthening against most other currencies like it did when the Fed was in a rapid hiking cycle, but it has not run out of gas yet.
We expect the USD to outperform the Euro (EUR) and the Pound Sterling (GBP), but to underperform the Japanese Yen (JPY) and some commodity currencies, like the Canadian Dollar (CAD) and the Australian Dollar (AUD).
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
Dow Jones futures advance 0.20% to trade above 47,100 during European hours ahead of the opening of the United States (US) regular session on Friday.
Gold catches fresh bids on the last day of the week amid reviving safe-haven demand.
From a technical perspective, the black liquid has been trending lower along a downward-sloping channel since late October.
The pair depreciates as the Pound Sterling (GBP) weakens following the Bank of England’s (BoE) dovish hold in November.
