UBS Sees Stronger Dollar in Second Half, Dollar Index at 102
JH Kim
Summary
- UBS said dollar strength is likely to continue in the second half of this year, backed by the resilience of the U.S. economy and high interest rates.
- UBS expects weakness in the euro, yen and Australian dollar to continue, while the British pound is expected to remain relatively resilient against other major currencies.
- UBS said the dollar index (DXY) is likely to rise to 102.
Forecast Trend Report by Period
UBS expects dollar strength to persist in the second half of this year, supported by a resilient U.S. economy and high interest rates.
Walter Bloomberg reported on June 26 that UBS sees continued weakness in the euro, yen and Australian dollar. The British pound, by contrast, is expected to remain relatively resilient against other major currencies.
UBS also projects the dollar index, or DXY, to rise to 102.
JH Kim
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