UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings

Financial elephantine UBS expects the U.S. dollar to proceed to depreciate, advising investors to reevaluate their portfolios. The slope predicts a medium-term diminution owed to shrinking involvement complaint advantages and a increasing fiscal deficit. With the dollar down 5% since June, UBS recommends strategies similar currency hedging and diversifying into different currencies and assets similar […]