Morgan Stanley Chief Investment Officer Kandhari: The US dollar may depreciate another 6% this year.

Jitania Kandhari, Chief Investment Officer of Morgan Stanley Investment Management, said in an interview that the dollar's recovery at the beginning of this week was a "counter-trend bounce," and its fundamentals still point to a decline. "This is a counter-trend bounce, but the long-term fundamentals still indicate that the dollar will continue to decline, possibly depreciating by another 6% this year." American investors need time to diversify away from domestic assets because they have a "serious local bias," but the clients she deals with are actively inquiring about opportunities in other parts of the world, and she is currently bullish on the euro, yen, and emerging market currencies.