USD to be rangebound, with risks skewed to the downside over the near term – HSBC

Economists at HSBC discuss the US Dollar outlook. The greenback is expected to turn back lower over the long run.

US Dollar is likely to weaken over the longer term

“We expect the US Dollar to remain choppy, with risks skewed to the downside over the near term.”

“Once uncertainties about the Federal Reserve rates, the US economic prospects, and China’s recovery subside, the broader US Dollar is likely to weaken over the longer term.”

See: Another range-bound week for the Dollar – ING