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UBS Analyst: US Dollar Oversold and Will Consolidate, Fed May Resume Interest Rate Cuts Within the Year
According to a report by Jinshi Data, UBS Global Wealth Management analysts stated that the US dollar is currently oversold and is expected to enter a consolidation period. Federal Reserve Chairman Powell is unlikely to resign, and despite other central banks easing policies, the Fed remains cautious regarding interest rate cuts.
Analysts pointed out that the trend of a weaker dollar may resume in the medium term. The slowdown in the US economy may be greater than in other regions, and rising fiscal deficits will become a focus of attention. The Federal Reserve may resume interest rate cuts later this year.
UBS recommends taking advantage of the strengthening dollar to reduce dollar allocations and instead opt for currencies such as the Japanese yen, euro, British pound, and Australian dollar.
Analysts pointed out that the trend of a weaker dollar may resume in the medium term. The slowdown in the US economy may be greater than in other regions, and rising fiscal deficits will become a focus of attention. The Federal Reserve may resume interest rate cuts later this year.
UBS recommends taking advantage of the strengthening dollar to reduce dollar allocations and instead opt for currencies such as the Japanese yen, euro, British pound, and Australian dollar.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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