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Morgan Stanley predicts the US Dollar Index will fall by 9% over the next 12 months. The bank's strategists cite factors such as interest rate cuts and the rising strength of other currencies.
For now, the dollar’s decline hasn’t been as severe as it was in two major selloffs in the last decade. And it certainly isn’t as severe as it was into the throes of the Global Financial Crisis.
The dollar has fallen 10 percent since the start of the year, a sign of the loss of confidence in its role as the global currency and a safe haven amid growing financial storms.
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