The USD is likely to strengthen modestly against the EUR and GBP over the medium term – HSBC
|Market repricing of a less aggressive global easing path has seen the US Dollar (USD) outperform in the G10 space so far this year. Economists at HSBC analyze Greenback’s outlook.
Geopolitical uncertainty might provide support to the USD in the weeks and months ahead
Geopolitical uncertainty might also provide support to the ‘safe-haven’ USD in the weeks and months ahead.
Over the medium term, we expect the USD to strengthen modestly against the EUR and GBP amid the US economy’s continued outperformance against the Eurozone and the UK.
The USD could also be supported by its ongoing yield advantage.
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