Morgan Stanley Predicts US Dollar Weakness: Potential Currency Shift Expected

Morgan Stanley predicts a significant weakening of the U.S. dollar over the next 12 months. The investment bank’s strategists, Vishwanath Tirupattur and Serena Tang, attribute this potential decline to converging interest rates and economic growth in other developed nations. They anticipate a 9% depreciation in the USD. This forecast has global implications, potentially shifting currency valuations and market dynamics worldwide.