HSBC: The Federal Reserve's decision to keep interest rates unchanged may lead to a weakening of the dollar

According to Jinshi reports, HSBC analyst Daragh Maher pointed out in a report that, given the market has digested some interest rate hike expectations, the dollar may weaken if the Federal Reserve announces to keep interest rates unchanged. He stated that to curb the initial decline of the dollar, at least three Federal Reserve members need to vote in favor of an interest rate hike.

Maher said, "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."