UBS Global Wealth Management analysts said in a report that the most favorable outcome for the US dollar in the short term would be the implementation of targeted tariffs by the US. After being suspended for 90 days, the deadline for re-imposing higher reciprocal tariffs on July 9 is approaching. Analysts said that the US may levy tariffs on some countries that have not made significant progress in trade agreements, and at the same time extend the tariff moratorium on those countries that have made progress. Targeting individual countries in trade wars often strengthens the dollar, while broad tariffs usually weaken the dollar.

UBS Global Wealth Management analysts said in a report that the most favorable outcome for the US dollar in the short term would be the implementation of targeted tariffs by the US. After being suspended for 90 days, the deadline for re-imposing higher reciprocal tariffs on July 9 is approaching. Analysts said that the US may levy tariffs on some countries that have not made significant progress in trade agreements, and at the same time extend the tariff moratorium on those countries that have made progress. Targeting individual countries in trade wars often strengthens the dollar, while broad tariffs usually weaken the dollar.