0532 GMT - The key for the U.S. dollar is likely to rest more on how U.S. trade policy evolves, rather than monetary policy, say economists at HSBC Global Research. "For the USD, the March FOMC was sufficiently neutral not to challenge the prevailing USD bearish mood, especially with U.S. yields falling," they say in a note. However, that wasn't enough to prompt sustained USD selling either, they say. Following a strong start this year for Treasurys, the Fed's continued wait-and-see stance warrants a more cautious short-term view on yields, they say, and maintain their end-2025 10-year Treasury forecast unchanged at 3.50%. The economists see potential for a further unwinding in U.S. equities, with sentiment in some of the bank's indicators flashing oversold levels. (monica.gupta@wsj.com)
(END) Dow Jones Newswires
March 20, 2025 01:33 ET (05:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。