Global growth could keep the dollar weak – Morgan Stanley
Strategists bullish on certain G10 pairs as they see strength three months out
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The dollar could remain generally weak in an environment of synchronised global growth, unless there is a substantial pick-up in US capital expenditure or inflation to encourage a rapid increase in US real yields, according to strategists at Morgan Stanley.
The bank, which topped last week’s three-month G10 currency forecast table, maintains a bullish view on EUR/JPY, EUR/USD, USD/JPY and USD/CHF over the next three months.
Morgan Stanley has held a constructive
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