Morgan Stanley downgrades outlook on US dollar to neutral amid falling Treasury yields after Fed’s dovish pivot

Morgan Stanley cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality and short positioning could potentially still drive further upside, Bloomberg News reported.

Morgan Stanley downgrades outlook on US dollar to neutral amid falling Treasury yields after Fed’s dovish pivot
Morgan Stanley cut its outlook for the US currency to ‘Neutral’ from ‘Bullish’. However, it noted that seasonality and short positioning could potentially still drive further upside, Bloomberg News reported.