HSBC Asset Management Sees Weaker Dollar Despite $863 Billion Firm's Strong-Growth Backdrop
Updated
Updated · Bloomberg · Jun 3
HSBC Asset Management Sees Weaker Dollar Despite $863 Billion Firm's Strong-Growth Backdrop
2 articles · Updated · Bloomberg · Jun 3
Summary
$863 billion HSBC Asset Management said the dollar looks vulnerable to weakening after only muted gains this year, even with solid US growth and heightened geopolitical tension.
Joe Little, the firm's global chief strategist, said that failure to rally decisively under conditions that would normally support the greenback suggests markets may be reacting differently to economic data.
That pattern, combined with elevated dollar valuations, points to a possible structural downtrend once energy shocks and geopolitical risks begin to fade.