In this episode, Shahab Jalinoos, Managing Director and Head of G10 FX Strategy at UBS, shares his insights into the structural forces that could weaken the US dollar and challenge its long-standing global safe haven status. He examines the breakdown of traditional cross-asset correlations and explains how shifts in hedging strategies could drive appreciation in other currencies. Shahab also discusses the key factors that could lead to a sustained weakening in the dollar's value.

This episode was recorded on May 29, 2025.