Morgan Stanley Says Plan for Weaker Dollar as Fed Stays on Hold

  • Greenback drops as central bank plots gradual rate path
  • Redeker projects 4% to 5% greenback drop in next two months

Morgan Stanley's Redeker Sees Potential 4-5% Dollar Drop

Morgan Stanley said the dollar will suffer more losses as the greenback fell for a second day after the Federal Reserve refrained from tightening policy and lowered its long-term path for interest rates.

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