UBS is looking for a lower USD | Forexlive

The US dollar view from UBS is via its equity analyst folks, saying that they’d rather look for overseas growth to fund equity valuations, with a lower US dollar contributing to that, than to continue chasing the narrow breadth leaders:

• “ … rather than chasing the tech trade for the seven major names that have really carried the market … we are looking for our growth overseas versus domestically”

The outlook for the US economy from UBS is a bit vague:

• acknowledged that the bank was projecting a recession in H1 of 2023
• said thought the economy showed resilience
• expects a recession to happen either in Q4 of 2023 to H1 of 2024, or even no recession