UBS Wealth Management CIO: Maintains view that the US dollar may weaken in the medium term

However, investors are reminded to be cautious about the view that the US dollar may further weaken in the short term—the negotiations between the US and Iran are still ongoing, and the Strait of Hormuz remains effectively closed. It is advisable to avoid making definitive judgments about the short-term trend of the US dollar at this stage and instead lean toward implementing volatility selling strategies. Furthermore, there remains a positive outlook for the Australian dollar, the Renminbi, and certain other high-yield emerging market currencies.