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Morgan Stanley Warns of US Dollar Decline to Pandemic Lows, Sparks Global Currency Rebalancing Concerns
Morgan Stanley Warns of US Dollar Decline to Pandemic Lows, Sparks Global Currency Rebalancing Concerns
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Morgan Stanley has jolted financial markets with a stark projection: the US dollar could plummet 9% within a year, revisiting its COVID-era lows. The bank’s May 31 research note cites a slowing US economy and anticipated Federal Reserve rate cuts as primary catalysts for this potential devaluation.
The euro, British pound, yen, and yuan are already showing notable strength against the weakening greenback. This currency realignment threatens to erode the dollar’s global dominance, potentially reshaping international financial hierarchies. ’Rate and currency markets have initiated lasting trends that will push the dollar much lower,’ Morgan Stanley strategists warned investors.
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