Morgan Stanley Predicts 9% Drop in USD Value Over the Next Year

Morgan Stanley strategists have issued a warning, predicting a significant weakening of the US dollar in the coming year. Based on converging global economic trends and interest rates, they anticipate a 9% decline against major currencies within the next 12 months. This forecast comes amidst heightened activity in hedge funds and increasing risk premiums associated with the USD. Safe-haven currencies like the Japanese Yen, Swiss Franc, and Euro are expected to benefit from this shift in currency dynamics.