Financial giant Morgan Stanley has downgraded its outlook on the U.S. dollar.
Bloomberg Markets reports: "Morgan Stanley, one of the few remaining dollar bulls, downgrade its outlook for the US currency citing declining Treasury yields following the Fed's dovish pivot."
Morgan Stanley, one of the few remaining dollar bulls, downgrade its outlook for the US currency citing declining Treasury yields following the Fed's dovish pivot https://t.
The Dollar printing machine come with a heavy toll: Morgan Stanley shifts U.S. dollar outlook from 'Bullish' to 'Neutral'.
The downgrade arrives amid a backdrop of a steadily declining US Dollar index, currently hovering around 102 points.
MORGAN STANLEY TURNS NEUTRAL ON DOLLAR, HAD BEEN BULLISH. Morgan Stanley has moved to neutral on the dollar, having earlier been bullish, it said in a Thursday note, citing a deceleration in the U.S. economy and U.S rates falling further than peers.
Morgan Stanley, one of the few remaining dollar bulls, downgraded its outlook for the US currency citing declining Treasury yields following the Federal Reserve's dovish pivot, according to Bloomberg
https://procoinnews.com/morgan-stanley-downgrades-u-s-dollar-rating/
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