Morgan Stanley: The US dollar is expected to weaken due to interest rate cut expectations
BlockBeats News, October 21, Morgan Stanley expects that as market confidence in continued interest rate cuts by the Federal Reserve strengthens, and as the growth rate of the US economy aligns with other economies, the US dollar will weaken. The decline in safe-haven demand and investor hedging activities may further add pressure.
The bank forecasts that by mid-2026, the US Dollar Index (DXY) will fall to 91.00. Currently, the index is up 0.3%, at 98.893.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
dYdX launches Solana spot trading and opens access to US users for the first time
Republic Technologies discloses an additional purchase of 742.4 ETH, bringing total holdings to 1,570.6 ETH
Talus Foundation: US airdrop claim website is now live, claim window open until December 14
U.S. initial jobless claims for the week ending December 6 reached 236,000, higher than expected.
Trending news
MoreCrypto prices
More
