Lates News

According to Morgan Stanley's forecast, the US dollar is expected to fall to the levels seen during the COVID-19 pandemic next year as a result of interest rate cuts and slowing economic growth. Strategists at the bank, including Matthew Hornbach, predicted in a report on May 31 that a commonly used US dollar measure would fall by around 9% from its current level to the same period next year. As trade tensions continue to put pressure on the US dollar, this will exacerbate the recent decline of the US dollar. The strategists wrote, "We believe that interest rates and the currency market have opened up a sustained trend - the US dollar will fall significantly and the yield curve will steepen significantly - after two years of wide-ranging volatile trading."