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HSBC: The dollar may hit bottom soon, as the likelihood of further Fed rate cuts in 2026 is low.
BlockBeats news, on November 19, HSBC stated that the US dollar may hit bottom in early 2026 and then start to recover. The bank expects the Fed may cut interest rates in December but believes the likelihood of further cuts in 2026 is low. However, the market currently expects about 85 basis points of easing by the end of the year. HSBC predicts that the euro will rise to 1.20 USD by the end of this year and early next year, and then fall back to 1.18 USD for the remainder of 2026.