UBS recommends reducing US dollar holdings as depreciation continues.

BlockBeats news recently reported that UBS predicts the U.S. dollar will continue to decrease in value. The bank is advising investors to reconsider their investment portfolios, as they anticipate the dollar will decline in the near future due to shrinking interest rate advantages and increasing fiscal deficits. Since June, the U.S. dollar has already fallen by 5%. UBS suggests that investors should consider strategies like currency hedging and diversifying into other currencies and assets such as gold in order to mitigate risks. You can read more about this news from the source here.

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