UBS expects the dollar to decline further and advises investors to reduce their dollar holdings

ChainCatcher news, according to News.bitcoin, UBS expects the dollar to continue to depreciate and advises investors to reassess their portfolios. The bank anticipates a decline in the dollar in the medium term due to narrowing interest rate advantages and increasing fiscal deficits.

Since June, the dollar has fallen by 5%. UBS recommends that investors adopt strategies such as currency hedging and diversifying into other currencies and assets like gold to reduce risk.