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Swiss bank UBS predicts the US dollar will weaken further against other major currencies over the next six to 12 months.
That’s because the US Federal Reserve may pause its interest rates hikes earlier than other major central banks, with the US economy at risk of recession.
“With the US economy losing its growth advantage and the rate premium likely to narrow, we advise investors to hedge their dollar exposure, favoring the Australian dollar, the yen, and gold.”
