Arab Canada News
News
By م.زهير الشاعر
Published: September 2, 2024
The British investment bank HSBC issued a research note on Monday, discussing its expectations regarding the movements of the US dollar in the upcoming period, as the British bank supported that there are reasons supporting the strength of the dollar in the short term.
In this context, HSBC stated that the dollar is moving at a weak pace, as the greenback has shown excessive weakness compared to the cautious expectations of the monetary easing cycle in the United States.
The bank also added that the US Federal Reserve is unlikely to cut interest rates as aggressively as the markets expect, which may provide support for the performance of the US dollar.
Furthermore, the British bank believed that the current economic conditions within the United States do not ensure that markets are pricing the magnitude and pace of US interest rate cuts (100 basis points by the end of the year).
Regarding the expectations for the next US Federal Reserve meeting, HSBC clarified that it is unlikely for the central bank to cut interest rates by 50 basis points.
US politics, Canada’s multiculturalism, South America’s geopolitical rise—we bring you the stories that matter.
By signing up, you agree to our Privacy Policy
The new tariffs imposed by U.S. President Donald Trump on imports of steel and aluminum went into ef...
4 June 2025EQB Bank recorded significant growth in its uninsured mortgage and CMHC-backed multi-unit loan busin...
2 June 2025The economic circles in Canada are anticipating a week filled with crucial events, from home sales d...
2 June 2025Toronto – Arab Canada News The RBC Bank, one of the largest banks in Canada, revealed in its financ...
1 June 2025Toronto | Arab Canada News Recent financial data has revealed a significant increase in the share o...
29 May 2025Montreal | Arab Canada News The National Bank of Canada announced stable growth in its mortgage p...
29 May 2025Saturday, 05 July 2025
--°C
--°C
Comments