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    Heightened uncertainty should support the USD over the near term – HSBC

    Source Fxstreet
    Feb 20, 2024 14:20

    The 2024 US presidential and congressional elections are scheduled for 5 November. Strategists at HSBC list out some key dates to watch, together with moving parts that could impact the US Dollar.

    Likely implications of US elections for the USD appear mixed

    The multiple channels of influence mean the election can impact the USD in various ways, ensuring it cannot be ignored, even if the takeaways from each element end up creating a mixed picture for the USD. However, it is also important to remember that the USD’s path is not only determined by the election and that politics is just one part of the equation.

    In summary, likely implications of US elections for the USD appear mixed, but, for now, we expect heightened uncertainty to support the USD.

    Source: HSBC forecasts

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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