US Dollar Set to Fall, Morgan Stanley Says
Photographer: Al Drago/Bloomberg
Good morning. Morgan Stanley sees the US dollar weakening another 9% in the year ahead. Ukrainian drones hit as far as Siberia. And read our travel expert’s top tips for Japan. Listen to the day’s top stories.
The dollar may fall a further 9% by this time next year as the US economy slows and the Federal Reserve cuts rates, Morgan Stanley said. European currencies will be among the biggest beneficiaries.