UBS Shifts to Bearish US Dollar Outlook
UBS, a key player in global financial services, has advised investors to consider selling any potential short-term gains in the US dollar (USD). This marks a shift to a more bearish stance on the currency for the medium term. UBS anticipates a possible corrective rebound in September, especially if the Federal Reserve remains hesitant to implement rate cuts greater than 25 basis points. Historically, the USD tends to outperform in September, aligning with this seasonal trend.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!
Login if you have purchased
