Morgan Stanley turns neutral on dollar, had been bullish
Morgan Stanley has moved to neutral on the dollar, having earlier been bullish.
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.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.