Analysts at HSBC consider that the US dollar is facing downside risk over the near term but they do not believe the USD is set to enter a secular, long-term bear market. Key Quotes: “For the USD, further US fiscal stimulus could provide a cyclical boost or it could see the USD weaken due to a “risk-on” mood. For now, the latter reaction function seems more likely, given the over-riding dominance of ‘Risk On- Risk Off (RORO). In other words, the USD may face downside risks over the near term. But, we do not believe that the USD is set to enter a secular, long-term bear market” “We still believe it is not the time for a USD bear market, while the movements in the USD are still dominated by the RORO phenomenon for now. Our base case is for greater differentiation against the USD within G10 FX, with the AUD and NZD outperforming the EUR, GBP, and CAD.” 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 USD/CAD: Canadian dollar has some catching up to do from a fundamental perspective – CitiBank FX Street 3 years Analysts at HSBC consider that the US dollar is facing downside risk over the near term but they do not believe the USD is set to enter a secular, long-term bear market. Key Quotes: “For the USD, further US fiscal stimulus could provide a cyclical boost or it could see the USD weaken due to a "risk-on" mood. For now, the latter reaction function seems more likely, given the over-riding dominance of 'Risk On- Risk Off (RORO). In other words, the USD may face downside risks over the near term. But, we do not believe that the USD is set… 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.
