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
During the Asian session on May 26, gold prices ( XAUUSD) weakened under pressure after briefly touching the $4,580 resistance level, maintaining a weak trend intraday and potentially ent
Gold price (XAU/USD) gains ground to near $4,575 during the early Asian session on Tuesday. The precious metal edges higher as hopes for US-Iran peace negotiations weakened the US Dollar (USD).
Here is what you need to know on Monday, May 25:
Silver price (XAG/USD) rises nearly 4% after registering losses in the previous day, trading around $78.50 per troy ounce during the Asian hours on Monday.
Gold (XAU/USD) trades lower for the second consecutive day on Friday, but remains contained within previous ranges, with downside attempts limited above the $4,500 line for now.
