UBS: USD bull market ahead

Tuesday, 25 May 2021

UBS with the note:

We expect the USD to continue to depreciate this year in line with the recovery of global growth, but we forecast a broad-based USD rebound next year.

Next year the US is likely to lead in unwindingCOVID-19 monetary stimulus, as the labor marketshould be sufficiently robust for the Fed to do so.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.