US DOLLAR TO SOAR IN CURRENCY WAR, SAYS HSBC

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May 24, 2013

HONG KONG – In a Global Research report released today, HSBC has predicted continued strength in the US dollar, and has revised its year-end forecasts for a number of currencies, putting the Australian dollar at 90 US cents (previous forecast 0.95), the Euro at 1.24 (previously 1.35), Sterling at 1.45 (previously 1.48), the NZ dollar at 0.78 (previously 0.74) and the Canadian dollar at 1.09 (previously 0.95). “We believe we have entered a USD bull environment,” HSBC says.