US dollar: Look for signals of a bullish turn – Morgan Stanley

Dhwani Mehta FXStreet

Matthew Hornbach, Global Head of Macro Strategy from Morgan Stanley, said that the American banking giant has dropped its expectations of a near-term US dollar weakness while it awaits signals for a rebound.

Key quotes

"It's no longer attractive to be positioned for a weaker dollar from here given the uncertainties around the fiscal policy outlook, the monetary policy outlook and the growth in the inflation outlook.”

"We turn neutral on the USD amid rising US fiscal stimulus odds and crowded USD sentiment.”

Looking "for signals on when to turn bullish."

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Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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