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- US dollar to race higher as geopolitical risk remains a key source of uncertainty – UBS
US dollar to race higher as geopolitical risk remains a key source of uncertainty – UBS
The developing humanitarian crisis is deeply concerning. Amid the current environment, economists at UBS think the US dollar should stand out and see the greenback as an optional choice to help protect portfolios.
Position for US dollar strength
“The US dollar is considered a safe-haven currency that tends to rally during periods of heightened geopolitical uncertainty or risk-off sentiment in financial markets.”
“We think that market expectations of six or seven US interest rate hikes this year are likely to support the US dollar in the months ahead.”
“We see the greenback as an attractive tactical currency position at present.”
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