HSBC: The dollar may hit bottom in early 2026, with Federal Reserve officials' speeches in focus

According to Jin Shi reports, HSBC Global Investment Research stated that due to the Federal Reserve's expectation of further interest rate cuts, coupled with the uncertainty regarding the next chairman's selection, the dollar may hit bottom in early 2026. This week, dollar bears will face new challenges, as the speeches of several Federal Reserve officials and U.S. economic activity indicators will become the market focus. Federal Reserve governors Cook, Bowman, Williams, and Musalem will speak on Monday, Tuesday, and Thursday respectively, while Vice Chairman Jefferson is scheduled to speak on Friday. The market will closely watch these officials for hints regarding the December policy direction.