汇丰：对美联储政治倾向的解读可能决定美元走势

Core Viewpoint - The movement of the US dollar may depend on market interpretations of the Federal Reserve's political leanings, with uncertainties surrounding the next monetary policy actions and the selection of the next Fed chair [1] Group 1: Federal Reserve Policy - If the Federal Reserve is able to gradually lower interest rates, it will support HSBC's core view that the dollar will weaken against multiple currencies [1] - Concerns about political interference in the Federal Reserve could lead to different outcomes for the dollar's movement, influenced by changes in cross-asset volatility and the trajectory of US long-term bond yields [1] Group 2: Currency Implications - In adverse scenarios, the dollar may initially weaken against key currencies such as the euro, yen, Swiss franc, and renminbi [1]