USD to be strong in 2024 – HSBC

Economists at HSBC retain a USD bullish view for 2024. USD likely to be on the defensive in the near term The USD is likely to be on the defensive in the near term, but we think the headwinds from yield differentials to the USD may not be large, as the Fed will likely be easing alongside other central banks (no matter from the market’s or our economists’ expectations).