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GLOBAL RESEARCH ARCHIVE

Asian FX Focus: Multiverse Model signals… and human judgement?

Published: 2026-07-21Institution: HSBC Global Investment ResearchPages: 12Original language: 英语Evidence page: 10

Research evidence excerpt

Asian FX Focus: Multiverse Model signals… and human judgement?

ary, seek professional investment and tax advice.

Certain investment products mentioned in this document may not be eligible for sale in some states or countries, and they may

not be suitable for all types of investors. Investors should consult with their HSBC representative regarding the suitability of the

investment products mentioned in this document and take into account their specific investment objectives, financial situation or

particular needs before making a commitment to purchase investment products.

The value of and the income produced by the investment products mentioned in this document may fluctuate, so that an investor may

get back less than originally invested. Certain high-volatility investments can be subject to sudden and large falls in value that could equal

or exceed the amount invested. Value and income from investment products may be adversely affected by exchange rates, interest

rates, or other factors. Past performance of a particular investment product is not indicative of future results.

HSBC believes that investors utilise various disciplines and investment horizons when making investment decisions, which depend

largely on individual circumstances such as the investor's existing holdings, risk tolerance and other considerations. HSBC’s currency

trade ideas on deliverable FX forwards (DF) or non-deliverable FX forwards (NDF) are usually identified on a time horizon of up to three

months, although HSBC reserves the right to extend this time horizon on a discretionary, trade-by-trade basis.

HSBC believes an investor's decision to buy or sell an instrument should depend on individual circumstances such as the

investor's existing holdings and other considerations.

The English excerpt is extracted automatically from the cited source page and may contain layout or recognition errors. It is never batch translated.

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