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UBS GWM looks to high-yielding currencies

UBS Global Wealth Management suggests investors pay more attention to opportunities in foreign exchange as the global easing environment pushes many bond yields into negative territory. “With central banks back in easing mode, higher-yielding currencies look increasingly attractive,” the bank said. “We own a basket of high-yielding emerging market currencies against a basket of lower-yielding currencies.” The bank is overweight…

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