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Morgan Stanley weekly forex outlook

Discussion in 'Market News' started by ForexLive, Dec 6, 2015.

  1. ForexLive

    ForexLive Forum Member

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    What Morgan Stanley expects in the week ahead for USD, EUR, JPY, CHF, CAD and AUD USD: Selective Pullback. Bullish. We stick to our medium term USD bullish view but acknowledge that in the face of a disappointing ECB, EURUSD rallies could have a broader impact on FX markets, pressuring USD elsewhere. That said, we would expect high beta and EM currencies to remain weak against USD. The ECB's disappointing outcome should weigh on risk appetite, as it reduces hope for a boost to global liquidity. We would remain long USD/EM, but are more cautious against G10 currencies.

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