US economic slowdown + deficit pressure, UBS sounds alarm on dollar depreciation
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The UBS Wealth Management Chief Investment Office released a report stating that due to the slowdown of the U.S. economy and the increase in fiscal deficits, the U.S. dollar is expected to weaken further in the next 12 months. The dollar index fell to a three-year low in June, and it is expected that by June 2026, the euro will rise to 1.20 against the dollar. The CIO recommends reducing and hedging dollar risk exposure and considering investments in other currencies to mitigate excess dollar cash
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