Golden Finance reported that Morgan Stanley expects the strong US dollar to peak before the end of the year, and then enter a ‘Bear Market’ pattern, slowly declining in 2025. The bank believes that as the Central Bank of Japan raises the Intrerest Rate, and the easing actions of the Reserve Bank of Australia will be gradual, the potential for the yen and the Australian dollar to pump next year is the greatest.
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Morgan Stanley: The US dollar will peak before the end of the year and enter a 'Bear Market pattern' in 2025
Golden Finance reported that Morgan Stanley expects the strong US dollar to peak before the end of the year, and then enter a ‘Bear Market’ pattern, slowly declining in 2025. The bank believes that as the Central Bank of Japan raises the Intrerest Rate, and the easing actions of the Reserve Bank of Australia will be gradual, the potential for the yen and the Australian dollar to pump next year is the greatest.