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UBS GWM: Europeans should rethink USD risk, switch to EUR credit

The recent weakness of the EUR has pushed investors to USD-denominated assets, but UBS Global Wealth Management is urging investors to rethink their currency exposure. “The move reflects concerns about the a slowdown in Eurozone growth, as data showed German industrial production has contracted, and low Eurozone interest rates and persistent currency weakness have led many euro-based investors to seek…

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