Dollar May Underperform Major Currencies Except Yen, UBS Says

(Bloomberg) -- The dollar may underperform its major peers except the yen amid the revival in risk appetite, according to UBS AG.

“The improvement in the global-growth outlook makes it easier for growth-sensitive currencies to continue their outperformance,” Geoffrey Yu, a currency strategist in London, wrote today in an investor report. “All major currencies bar the yen are still expected to outperform the dollar in the current risk environment.”