Odaily Planet Daily News HSBC said that if the Federal Reserve cuts interest rates by 25 basis points on Wednesday and signals further gradual easing, the dollar may rise. Paul Michael, a foreign exchange analyst at HSBC, said in a report that it is difficult to say whether the Fed will cut interest rates by 25 basis points or 50 basis points. "HSBC Economics expects the Fed to start with a 25 basis point rate cut while hinting at further easing in the future, but not by much." Michael said that this situation will allow the dollar to "shift to a better basis", especially considering that the market has overpriced the rate cut and there are signs that there are too many short positions in the US dollar. (Jinshi)