According to data from Jinshi, UBS global wealth management analysts indicate that the dollar is currently oversold and is expected to enter a consolidation phase. Federal Reserve Chairman Powell is unlikely to resign, and despite other central banks easing policies, the Fed remains cautious regarding interest rate cuts.
Analysts point out that the trend of a weakening dollar may reemerge in the medium term. The slowdown in the U.S. economy may be greater than in other regions, and the rising fiscal deficit will become a focal point. The Federal Reserve may resume interest rate cuts later this year.
UBS suggests taking advantage of the dollar's strength to reduce dollar allocations and instead opt for currencies such as the yen, euro, pound, and Australian dollar.