HSBC: Dollar to Remain Resilient Against Most Major Currencies

The transcript discusses the cooling global economy and the Federal Reserve's potential actions, including tapering and interest rate hikes. It covers managing currency risk amid market volatility and rising costs. The conversation also touches on central banks' challenges with inflation and economic conditions, the divergence between the renminbi and the dollar, and the roles of the PBOC and Fed. Additionally, it examines the yen's sensitivity to interest rate differentials and the market's focus on these factors.

What does the speaker suggest about the future costs of hedging dollar-denominated assets?

How does the speaker view the potential for the dollar to remain strong against major currencies?

What are the implications of the PBOC's policy changes on the currency market?