UBS Sees Dollar Strength Continuing, Forecasts Dollar Index at 102
JH Kim
Summary
- UBS expects dollar strength to continue in the second half of this year, supported by the resilience of the U.S. economy and high interest rates.
- UBS expects weakness in the euro, yen and Australian dollar to persist, while the British pound is projected to remain relatively resilient.
- UBS forecasts the Dollar Index (DXY) will rise to 102.
Forecast Trend Report by Period
UBS expects the dollar to remain strong in the second half of this year, backed by the resilience of the U.S. economy and elevated interest rates.
Walter Bloomberg reported on June 26 that UBS expects weakness in the euro, yen and Australian dollar to persist. Sterling, by contrast, is projected to remain relatively resilient against other major currencies.
UBS also forecasts the Dollar Index, or DXY, will rise to 102.
JH Kim
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