Jin10 data reported on April 30, UBS global wealth management analysts stated in a report that the US dollar appears Oversold and will face a period of consolidation in the near term. Federal Reserve Chairman Powell is unlikely to be forced to resign, and while other Central Banks are easing (policies), the Federal Reserve sounds cautious on the issue of interest rate cuts. However, analysts indicate that in the medium term, the trend of a weaker US dollar may resume. The slowdown in the US economy may be greater than in other regions, and the rising fiscal deficit will become a bigger focus, with the Federal Reserve possibly restoring interest rate cuts later this year. UBS tends to take advantage of the recent strengthening of the US dollar to reduce dollar allocation, opting instead for currencies such as the Japanese yen, euro, British pound, and Australian dollar.
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UBS: The dollar may consolidate in the near term, but it could fall again afterwards.
Jin10 data reported on April 30, UBS global wealth management analysts stated in a report that the US dollar appears Oversold and will face a period of consolidation in the near term. Federal Reserve Chairman Powell is unlikely to be forced to resign, and while other Central Banks are easing (policies), the Federal Reserve sounds cautious on the issue of interest rate cuts. However, analysts indicate that in the medium term, the trend of a weaker US dollar may resume. The slowdown in the US economy may be greater than in other regions, and the rising fiscal deficit will become a bigger focus, with the Federal Reserve possibly restoring interest rate cuts later this year. UBS tends to take advantage of the recent strengthening of the US dollar to reduce dollar allocation, opting instead for currencies such as the Japanese yen, euro, British pound, and Australian dollar.