Morgan Stanley: The US dollar will continue to weaken over the next 12 months

Odaily News Vishwanath Tirupattur and Serena Tang, strategists at Morgan Stanley Research, said in a report that continued weakness in the U.S. dollar over the next 12 months is a key theme for Morgan Stanley Research. "We expect the dollar to continue to weaken as U.S. interest rates and economic growth converge with peers," they said. "Increased foreign exchange hedging flows have led to further increases in risk premiums, which will increase selling pressure on the dollar. Other safe-haven currencies such as the yen, Swiss franc and euro are expected to benefit from this. (Jinshi)