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Morgan Stanley Predicts US Dollar Decline as BRICS Currencies Gain Strength
Morgan Stanley Predicts US Dollar Decline as BRICS Currencies Gain Strength
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The US dollar’s dominance faces mounting pressure as BRICS nations advance their de-dollarization agenda. Morgan Stanley strategists warn the DXY index could plummet to 91—a level not seen since COVID-19 lockdowns—representing a 9% decline. Treasury yields may hit 4% by year-end.
Emerging market currencies are outperforming the greenback, with the DXY struggling to maintain its 100-range resistance. Monday’s trading session saw the USD drop 0.51 points, continuing its stagnation trend. Currency traders are increasingly evaluating local alternatives.
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