UBS advises investors to cut back on US dollar holdings amid weakening outlook
UBS suggests reallocating funds into assets like the euro, Swiss franc, yen, gold, or even emerging market currencies, depending on individual risk appetite. | Photo Credit: REUTERS/Jason Lee The global investors holding too much cash in US dollars may face increasing risks, and it might be the right time to consider shifting some of that money into other currencies or assets, according to a report by UBS.The report stated that the US dollar had been a popular choice in the past few years due to strong US economic growth, high...