HSBC Holdings PLCHSBC warned dollar rally could become explosive if Fed hints at tightening

US stock futures were little changed on Tuesday after the Dow Jones Industrial Average closed above 52,000 for the first time on Monday. S&P 500 and Nasdaq 100 futures also hovered near flat following a tech-led rally. Investors are assessing concerns over a potential oil glut as flows through the Strait of Hormuz recover faster than expected, with Brent futures trading below $74 a barrel and WTI below $71. The dollar's strength pushed the yen to a 40-year low, prompting intervention talk, while HSBC warned the greenback's rally could become explosive if the Federal Reserve hints at tightening. A JOLTS report on May job openings and consumer confidence data due later Tuesday will feed into rate-hike bets ahead of the June jobs report on Thursday.
HSBC Holdings PLCHSBC warned dollar rally could become explosive if Fed hints at tightening
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