Top of main content

FX Trends : Markets to realise a shallower easing path

25 Jan 2024

Key takeaways

  • Market thoughts of a shallower global easing cycle should support the ‘safe-haven’ USD…
  • …but create headaches for “risk on” currencies like the AUD and NZD
  • The EUR and GBP are likely to face both external and domestic headwinds

Our tactical view

Table of tactical views where a currency pair is referenced (e.g. USD/JPY):An up (⬆) / down (⬇) / sideways (➡) arrow indicates that the first currency quotedin the pair is expected by HSBC Global Research to appreciate/depreciate/track sideways against the second currency quoted over the coming weeks. For example, an up arrow against EUR/USD means that the EUR is expected to appreciate against the USD over the coming weeks. The arrows under the “current” represent our current views, while those under “previous” represent our views in the last month’s report.

Explanation of terms

Check Exchange Rates

Click to check our real-time currency exchange rates

Foreign Currency Solution

Enjoy fast and convenient real-time services at our branches and via e-Banking

Related Insights
A strong start to the year for the USD is set to continue...[22 Jan]
Loosening global financial conditions and buoyant risk appetite have seen a sharp move…[15 Jan]
The price of gold hit a new high in December 2023 and has remained well above USD2,000 per...[11 Jan]