Odaily Planet Daily reports that there's a heated debate in the market about whether the US dollar has bottomed out, but HSBC believes it's likely to weaken further. Paul Merkel, HSBC's global head of foreign exchange research, noted in a report: "When the Federal Reserve restarts its easing cycle and the US economy avoids recession, history suggests the dollar will weaken, a pattern that's difficult to break." While discussions of a reacceleration of the US economy and recent political unrest in France and Japan do warrant reflection on the dollar's sideways trend since July, market sentiment is unpredictable. While the desire for a stronger dollar is tempting, it's too early to abandon the bearish view. Merkel predicts the dollar will bottom out early next year. (Jinshi)