The world’s largest wealth manager says buying the Australian dollar is one of the best ways to trade the end of so-called US exceptionalism as America’s ballooning debt causes investors to lose faith in the economy and its currency.
The $US4.2 trillion ($6.5 trillion) wealth unit of UBS revealed it had a long position in the Aussie dollar and is tipping the currency to jump 4 per cent from current levels to US67.5¢, with the potential to overshoot that forecast.
Source: https://www.afr.com/markets/currencies/why-this-6-5-trillion-investor-is-betting-big-on-the-aussie-dollar-20250604-p5m4uy