Morgan Stanley expresses doubt that the US dollar index will fall below the key level of 100, despite Fed Chairman Powell's indication of future policy easing at the Jackson Hole meeting, the risk is biased towards further softening of the US dollar. "Both psychologically and technically, the 100 level of the US dollar index is very important. Without a change in global dynamics, this level is difficult to break through," wrote David Adams, G-10 forex strategy director at the bank, in a report released on Tuesday. He added that political risks in Europe may still be underestimated, and the US 2024 election is an obvious risk event for the US dollar.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Morgan Stanley: Dolar endeksinin 100'ün altına düşme ihtimali çok düşük
Morgan Stanley expresses doubt that the US dollar index will fall below the key level of 100, despite Fed Chairman Powell's indication of future policy easing at the Jackson Hole meeting, the risk is biased towards further softening of the US dollar. "Both psychologically and technically, the 100 level of the US dollar index is very important. Without a change in global dynamics, this level is difficult to break through," wrote David Adams, G-10 forex strategy director at the bank, in a report released on Tuesday. He added that political risks in Europe may still be underestimated, and the US 2024 election is an obvious risk event for the US dollar.