The dollar is “unattractive.”
At least that’s how UBS sees it.
In a recent note, the Swiss investment bank said it is time to “ reduce and hedge exposure to USD before further dollar declines .”
The dollar has weakened significantly over the last six months, with the dollar index (DXY) falling by over 10 percent so far in 2025.
It was the biggest dollar decline through the first half of any year since 1973. That was just two years after Nixon severed the last tie between the dollar and gold.
UBS analysts say they expect a further dollar weakness, and the U.S. economy slows, and worry about the rapidly deteriorating fiscal situation in Washington…
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