In a special note to clients, UBS outlines its outlook and trade strategy for the USD along with its view and target for EUR/USD. Dollar dispersion creates opportunities: "We expect consolidation in the dollar to continue in the near term, with USD performance showing greater dispersion than before. This is opening up opportunities to be long G10 currencies outside of the USD. CAD remains our favourite in this regard, and we are forecasting strength in NZD and NOK as well," UBS argues. Selective in USD longs: "USD positions should be chosen more selectively, and concentrated against currencies from countries where ... (full story)