HSBC: The US Dollar May Soon Reach a Bottom as Further Fed Rate Cuts Unlikely in 2026

BlockBeats News, November 19th. HSBC Bank stated that the US dollar may hit bottom in early 2026 and then start to rise. The bank expects the Federal Reserve to cut interest rates in December but believes that the likelihood of further rate cuts in 2026 is small. However, the market currently anticipates an easing of about 85 basis points by the end of the year.

HSBC forecasts that the Euro will rise to $1.20 by the end of this year and early next year, then fall back to $1.18 for the rest of 2026.