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[HSBC Predicts the US Dollar May Bottom Out in Early 2026, Fed Officials' Speeches Become Market Focus] HSBC Global Research forecasts that the US dollar may bottom out in early 2026, influenced by expectations of further rate cuts by the Federal Reserve and uncertainty surrounding the next Fed chair. This week, dollar bears may face challenges as speeches by multiple Fed officials and key economic data become the focus of market attention. Fed Governor Cook is scheduled to speak on Monday, Bowman will appear on Tuesday, Williams and Mester are set to deliver speeches on Thursday, and Vice Chair Jefferson is scheduled to speak on Friday. The market will closely monitor these officials for potential hints regarding the policy direction for December. Additionally, Monday and Wednesday's ISM data, along with Wednesday's ADP employment report, are expected to have a significant impact on the dollar's movement.