Morgan Stanley: Expects the dollar to weaken due to interest rate cut expectations.

According to BlockBeats news, on October 21, Morgan Stanley predicts that the dollar will weaken as market confidence in the Fed's continued interest rate cuts increases, and the U.S. economic growth aligns with other economies. Decreased safe-haven demand and investors' hedging behavior may further add pressure. The bank forecasts that by mid-2026, the U.S. dollar index (DXY) will fall to 91.00. Currently, the index is up 0.3%, at 98.893.

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