UBS says the USD worth is 'stretched', promote additional power and get into GBP and AUD

UBS has reiterated its advice for traders to capitalize on additional greenback power by diversifying into different currencies.

Regardless of current beneficial properties within the US greenback, pushed by shifting expectations for Federal Reserve and US authorities coverage, the financial institution maintains that the greenback stays overvalued.

Whereas UBS doesn’t anticipate a pointy decline within the buck within the close to time period, it sees alternatives for traders to pivot towards extra engaging currencies. Amongst its high picks are the

• British pound (GBP)
• and the Australian greenback (AUD),

that are favored for his or her potential to carry out nicely as international financial circumstances evolve.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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