HSBC Analyst Warns Dollar Weakens If Fed Holds Rates Steady

HSBC analyst Daragh Maher suggests the dollar may weaken if the Fed maintains current rates, noting three hawks are needed to prevent initial declines.

Woofun AI notes that HSBC analyst Daragh Maher highlighted in a report that the dollar could weaken if the Federal Reserve decides to keep interest rates unchanged. Maher argued that to curb the initial decline of the greenback, at least three Federal Reserve members must vote in favor of a rate hike. He added, "If the pace of rate hikes is faster than expected, it will force the market to consider whether this is the first rate hike in a series of rate hikes."