DOLLAR MAY BOTTOM SOON AS FURTHER 2026 FED CUTS LOOK UNLIKELY HSBC says the U.S. dollar could hit a bottom by early 2026 before rebounding. The bank expects the Fed might cut rates in December but sees little chance of additional cuts in 2026. Markets, however, are pricing in about 85 bps of easing by the end of that year. HSBC forecasts the euro rising to 1.20 late this year and early next, then slipping to 1.18 for the rest of 2026.(*Walter Bloomberg)