1. Newsroom
  2. A currency overview for 2023
Analisi 13.12.2022

A currency overview for 2023

A currency overview for 2023

As we approach the beginning of a new year, UBP’s Global Head of Forex Strategy Peter Kinsella gives us an overview of the key currency trends to look out for in the next phase of the cycle as inflation starts easing and monetary policy tightening peaks.

Key takeaways:

  • The dollar is set to weaken modestly, reflecting such factors as waning inflation pressures, slowing interest rate hikes, the size of the US current account deficit, and stretched dollar valuations.
  • As a result, emerging market currencies like the Brazilian real and the Mexican peso will benefit due to their high interest rate profiles.
  • The euro’s and the pound’s trajectories will depend on energy prices.

Peter Kinsella Peter Kinsella
Global Head of Forex Strategy

Azioni globali

Investire in società con una creazione di valore superiore e sostenibile.

Altro da leggere

Analisi 21.05.2024

Embracing regenerative agriculture for sustainable growth

UBP’s impact team believes in the pivotal role regenerative agriculture has to play in addressing environmental challenges and fostering long-term prosperity. This theme can provide fertile ground for investors looking at impact investing.

Analisi 08.05.2024

UBP House View - May 2024

In light of the extended duration of high interest rates, we’re employing a carry strategy, ramping up our allocation to high-yield bonds.

Analisi 26.04.2024

Swiss equities back on the radar

Following a relatively lacklustre performance in 2023 and the Swiss National Bank’s recent interest rate cut, is now the time to revisit the Swiss equity opportunity set? In this Investment Rendez-Vous podcast, Eleanor Taylor Jolidon, co-head of UBP’s Swiss and Global Equity team, walks us through Swiss business models, current valuations and industries of particular interest.