Dollar could strengthen if energy shock lifts G-10 rate bets
HSBC strategist Daragh Maher says elevated energy prices could support expectations for higher interest rates across G-10, potentially boosting the dollar.
The dollar could gain if elevated energy prices support expectations for interest-rate rises across the G-10, HSBC strategist Daragh Maher said in a note. In that scenario, currencies are likely to react more to their exposure to the energy-price shock than to rate expectations, he said.