Called the dollar's voice is here! UBS: it's time to short USD

The CNBC report, UBS (UBS) Adrian Zuercher, head of asset allocation in Asia Thursday (22nd), said in an interview, market sentiment is really chasing dollars, and pushed the dollar to a 14-year high, but in the upswing of the dollar right now, is likely to be shot vent dollars in good time.

Wednesday (21st) the dollar fell 0.26% to close at 103.02 points, but is still living in their own new high since December 2002, while nearly six months, the dollar index up as much as a total of 9.93%.

Puxin under the Government is planning to extend the prospects of infrastructure, widely expected, Trump will expand to issue debt to raise funds to the market, in the scenario of the US supply is expected to increase, and motivate us Treasury yields over the past several weeks there soaring, prices plunged.

While the United States rapid climb in market interest rates, has prompted further into dollar assets, plus the United States Federal Reserve (Fed) had second degree to market interest rate rises, and 2017 is expected to raise interest rates three yards, but also directly caused the dollar index quickly rose.

But in the face of the dollar index rising, UBS analyst Adrian Zuercher are considered, the dollar in the past few weeks, I'm afraid there have been grossly overvalued, the current dollar rally was "quite reasonable".

Adrian Zuercher said while Trump fiscal stimulus, will be further lifted the market's inflation expectations, raise interest rates and stimulate the Fed accelerated the pace, Fundamentals constitutes support for the dollar.

But Adrian Zuercher explains that the world not only the United States inflation there has been warming, the eurozone, Japan and other places inflation, has also begun to recover once the area of Central Bank tightening monetary policy trends, spreads on Europe, the United States and Japan and the United States narrowed spreads appears, then the funds are likely to back the euro and yen.

Adrian Zuercher further pointed out that, when Donald Trump announced the expansion of debt issued, raising United States debt ceiling, which means United States public debt and then multiplied, United States fiscal deficit of the Government, I am afraid will be more difficult. "Let us look back in history and see, a country's debt is increasing, I think it is not good news. 」