Dollar, for Once, Is a Very Positive Carry Currency, UBS's Serebriakov Says

The video discusses the unexpected strength of the dollar in 2019 despite dovish Fed policies and low inflation. It highlights the dollar's positive carry status due to low volatility and high yield. The future of the dollar depends on global growth, particularly in China and Europe, and changes in monetary expectations. The video also explores opportunities in European assets, noting the underperformance of German equities and the euro's undervaluation.

What factors are contributing to the dollar's strength in 2019?

What is the significance of low volatility and high yield for the dollar?

What conditions are necessary for the dollar to start weakening more broadly?

Why does the speaker believe European assets may be a good investment despite downgrades?

How does the ECB's dovish stance affect European rates and the euro?