Mubasher: A rising US dollar could pose high risks on the global economic growth, a senior analyst at MBMG Group told CNBC on Thursday.

The US currency has declined sharply during the past five quarters, Thailand-based advisory firm managing partner Paul Gambles said, but the recent moves suggest a potential increase in the upcoming period.

Gambles added that the growing trade disputes between the US and China play an important role in forming the current economic situation and turn investors’ focus from the dollar moves, but Donald Trump’s top economic advisor Larry Kudlow hinted that bilateral negotiations between the two countries could ease market fears.

These comments, however, triggered a significant rise in the stock market and a US dollar rebound, which may have a negative impact on the global economy as well.

"There was a trade war…It took place last year and America won it because it effectively imposed 10% tariffs on China and 12% on the rest of the world and 15% on Europe by depreciating the dollar," Gambles stated.

"I think the key point is the American economy and actually the global economy was predicated on the dollar continuing to fall…So actually even a 1% or 2% appreciation is quite dangerous," he added in an interview with CNBC’s Squawk Box.