Dollar strength set to continue, says Morgan Stanley
Morgan Stanley has topped this week's one-month currency forecast rankings thanks to a bullish stance on the US dollar, as improved economic growth in the US sees the currency continuing to outperform those of the major and emerging markets.
On October 25, with EUR/USD trading at 1.3792, Morgan Stanley noted the beginnings of a dollar strength trend and predicted the pair would fall to 1.34 in a month’s time. The bank was proved correct when positive signs in the US economy boosted the dollar to
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