Three Props for the Dollar's 2018 Rally Seen Reversing This Year
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Three key dynamics that drove the dollar higher last year look set to reverse in 2019, arguing for the U.S. currency’s depreciation, according to Morgan Stanley.
“A cyclical slowdown in the rest of the world, rising risks of protectionism and a loose fiscal, tight monetary policy mix in the U.S.” propelled the greenback last year, Morgan Stanley strategists led by Hans Redeker in London wrote in a note Thursday. “2019 is looking like a reversal of 2018.”