Morgan Stanley: US dollar will decline in early August

2018/07/27 13:28
Morgan Stanley said that the US dollar is heading for the highest point and will launch a sustainable pressure journey at the beginning of next month.

The US bank said in a note issued on Thursday that there are plenty of factors that may play a role in the sale of the US currency, quoting the agency "Bloomberg."

He said the US president's currency speculation may be among the reasons, along with weak US economic indicators, China's economic measures and possible Bank of Japan policy changes.

Last week, Donald Trump said the strong dollar was putting the US in an uncomfortable position.

The market report, although it links the high risk aversion to the strength of the US dollar, "but we believe that this consensus is wrong."

Since the beginning of July, the major dollar index, which measures the performance of the currency against 6 major currencies, has risen 0.5%.

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