In its latest client note, analysts at HSBC forecasts the US dollar rally to continue on the back of Fed’s interest rate outlook for this year. Key Points: Sees the USD rally continuing as the market sticks to its view that Fed won’t deliver a tightening path laid out in the median dots. That creates an asymmetric upside risk for the USD. Equally important is the fact that the other G-10 central banks have delayed their own normalization processes. The market has failed to anticipate a rally in the USD at the start of the year. USD rally is also being supported by the ongoing reappraisal of an appropriate level of risk premium for emerging markets. HSBC remains bullish on USD because valuations aren’t stretched. AUD/USD Q3 forecast slashed to 0.72 from 0.73 and Q4 forecast to 0.70 from 0.72 previously. As for NZD/USD, the Q3 forecast revised downwards to 0.67 from 0.69 and Q4 forecast to 0.65 from 0.68 previously. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD bearish news: China’s copper, iron ore and oil imports dropped in June FX Street 5 years In its latest client note, analysts at HSBC forecasts the US dollar rally to continue on the back of Fed's interest rate outlook for this year. Key Points: Sees the USD rally continuing as the market sticks to its view that Fed won't deliver a tightening path laid out in the median dots. That creates an asymmetric upside risk for the USD. Equally important is the fact that the other G-10 central banks have delayed their own normalization processes. The market has failed to anticipate a rally in the USD at the start of the year. USD rally is also… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
