The dollar's bad run will continue as the Fed gears up to pause its rate-hiking campaign, UBS says

• The dollar's weakening trend that started in late September is likely to continue, according to UBS.
• The prospect of Federal Reserve halting interest-rate increases will likely weigh on the greenback, strategists said.
• The dollar has declined 12% over the past seven months.

The dollar fell in six of the last seven months and has lost 12% since late September. Its miserable run will likely continue as the Federal Reserve looks set to halt its interest-rate increases and given the risk of a banking crisis, according to UBS.