New Delhi, June 27 -- Citing recent signs of weakness in the US dollar and other concerning trends in the American economy, global investment firm Jefferies advises investors to prefer Asian currencies over the US dollar.

In its latest report, Jefferies said that the US dollar index hit a new 2025 low of 97.8. This marks a continuing bearish trend for the currency from a long-term perspective. As a result, Jefferies recommends investors own Asian currencies for long-term gains.

It said "continues to advise investors to own Asian currencies from a long-term standpoint. It is also why GREED & fear has been recommending investors in recent weeks to buy long-dated five-year call options on a revaluation of the Hong Kong dollar against the U...