Dollar to Weaken as ECB, BOJ Face Stimulus Limits, HSBC Says
- `The big dollar rally’s over,' says HSBC's David Bloom
- Traders see about 35% chance for Fed's rate hike by March
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The dollar will weaken this year against the euro and yen as the European Central Bank and its Japanese counterpart face limits on additional monetary stimulus, according to HSBC Holdings Plc.
The yen has strengthened against the greenback this month, while the euro has remained little changed, after its decline slowed in 2015. Turbulence in global markets emanating from China has fueled concern of a global slowdown and the pace of U.S. interest rate increases this year.