UBS CEO: ’no choice but the dollar’ despite geopolitical tensions

The CEO of UBS has recently stated that despite rising geopolitical tensions, the dollar remains the only choice. His comments reflect the strong position of the dollar in the global economy and suggest a continued influx into the dollar from investors. The dollar is viewed as a stable and safe asset, especially in risk-averse scenarios. This situation heavily relies on U.S. economic data and central bank policies, which might lead to further appreciation of the dollar. Specifically, upcoming interest rate hikes and inflation data releases are expected to bolster confidence in the dollar. Investors need to closely monitor these developments and formulate appropriate strategies.