HSBC: The US dollar may bottom out in early 2026, with speeches by Federal Reserve officials in focus this week

Jinse Finance reported that HSBC Global Research stated that due to the Federal Reserve's expected further rate cuts and the uncertainty surrounding the next chairperson, the US dollar may bottom out in early 2026. The bank believes that dollar bears will face new tests this week, as speeches by several Federal Reserve officials and US economic activity indicators will become the market focus. The dollar's sensitivity may further increase. Federal Reserve Governor Cook will speak on Monday, Bowman will appear on Tuesday, Williams and Musalem will speak on Thursday, and Vice Chair Jefferson is scheduled to speak on Friday. The market will closely watch these officials for hints about policy directions in December. HSBC added that the ISM data released on Monday and Wednesday, as well as the ADP employment report released on Wednesday, are expected to have a greater impact on the dollar's trend in the coming days. (Golden Ten Data)