HSBC reverses its fortunes

cf062804a-jpg

But for Mark Austin, the bank's chief currency strategist, the past month has not been easy to call. The market has been pulled in two directions, he said, due to a conflict between a structural argument – that the dollar is in trouble due to current account imbalances – and a cyclical argument that the US economy is improving, and rates are picking up, making the dollar more attractive. "We've seen examples over the past month in both directions, with expectations of Fed tightening pushing

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: