HSBC: The key to the US dollar lies in US trade policy, not monetary policy

Odaily Planet Daily News: HSBC Global Research Economist said that the key to the trend of the US dollar may depend more on the evolution of US trade policy rather than monetary policy. They said in a report: "For the dollar, the FOMC position in March was neutral enough to not challenge the general bearish sentiment of the dollar, especially when the yield of US treasury bond bonds fell." But they said that this was not enough to promote the continued selling of the dollar. They said that after the strong start of the US treasury bond bond this year, the Federal Reserve continued to hold a wait-and-see attitude, so it is reasonable to take a more cautious view of short-term yield and maintain its expectation of the yield of 10-year US treasury bond bonds at the end of 2025, namely 3.50%. These economists believe that the US stock market may further clear as some indicators of the bank show oversold levels. (Golden Ten)