UBS: If Trump increases tariffs again, the dollar may fall.

Analysts at UBS Global Wealth Management said in a report that in the worst-case scenario, the United States may reimpose the currently suspended retaliatory tariffs, causing the US dollar to weaken. The 90-day tariff suspension is set to end on July 9th. Analysts stated that the most severe outcome would be the US imposing higher tariffs on all trading partners without reaching a trade agreement. The US dollar may face selling pressure relative to the euro, Swiss franc, Japanese yen, and British pound. They added that emerging market currencies and other currencies with weaker liquidity may also depreciate.