Morgan Stanley downplayed market sensitivity to European peripheral crisis
Morgan Stanley has topped this week's one-month currency forecast rankings with an accurate prediction of the limited impact the European peripheral crisis would have on the global currency markets.
On April 28, strategists at Morgan Stanley expected EUR/USD to be at 1.43 in one month's time, consistent with the 1.44 EUR/USD spot rate on May 31.
"Our predictions on the euro have been constructive. When the Greek crisis started, we had a long debate about whether to change our euro outlook to be
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