Dollar Now ‘Unattractive’ Amid 10% Annual Decline
The U.S. Dollar has fallen 10% this year and hit a 3-year low, with UBS calling it “unattractive” and predicting further declines as the economy slows.
The currency faces pressure from mounting concerns about the growing U.S. deficit and uncertainty surrounding tariff policies.
This weakness is already impacting international trade, with vendors across Latin America and Asia requesting that American importers settle transactions in alternative currencies such as euros, pesos, and renminbi to protect themselves from dollar volatility.
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