Morgan Stanley turns neutral on dollar, had been bullish
Morgan Stanley has moved to neutral on the dollar, having earlier been bullish.
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They have closed their short euro/dollar trade recommendation as a result. Image credit: Reuters)
Morgan Stanley has moved to neutral on the dollar, having earlier been bullish, it said in a Thursday note, citing a deceleration in the U.S. economy and U.S rates falling further than peers.
They have closed their short euro/dollar trade recommendation as a result, and because they still see euro weakness, instead propose a short euro/Japanese yen trade.
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