Buy greenback before Round 2 of French elections: UBS

Analysts base their recommendation on their guess Le Pen has about a 40% chance of eventual victory

Published Tue, Mar 21, 2017 · 09:50 PM

Singapore

BUY the US dollar against the Singapore dollar over the next two months but stop doing that right before the second round of France's presidential election, analysts from UBS's Chief Investment Office (CIO) said at a media briefing at the Swiss bank's Raffles Place office on Tuesday.

This is based on their guess that French right-wing candidate Marine Le Pen will make it past the first round of the vote in April but will not succeed in the second round which is in May, they said.

They also think the current rally in global commodity prices still has legs and gold prices could continue to rise as real interest rates continue t…