FXStreet reports that economists at HSBC discuss US dollar  prospects.

“There are signs that global growth has peaked and is losing some momentum. If we expected the USD to temporarily weaken this year against a still recovering global economy, then the opposite should also hold true.”

“Fed’s plan to taper and its divergent monetary policy stance from other central banks should eventually guide the USD stronger, especially once tapering actually starts.”

“We believe that the slowing global growth and the Fed moving gradually towards monetary policy normalisation should see the USD grinding higher versus most major currencies through the rest of 2021 and into 2022.”