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Morgan Stanley finds 'silent plurality' ready to sell dollar
By Ruth Carson
Bloomberg News
via Yahoo News, Sunnyvale, California
Friday, January 24, 2025
Traders looking to sell the world's reserve currency are far more common than thought even as the dollar's dominance rips across markets, according to Morgan Stanley.
"While dollar bulls are numerous and perhaps most vocal in expressing their views, there seems to be a more 'silent' plurality of investors looking to sell the dollar instead," strategists including David Adams wrote in a note. "Many have dry powder and are waiting for a sign to enter shorts."
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The catalysts may be near. Inflation data leading into March may bolster the chance of a Federal Reserve rate cut, while lengthier fiscal negotiations by Congress could disappoint dollar bulls, the team said.
The strategists expect a more benign outcome in trade policy, which could also weigh on the dollar, according to the note. ...
... For the remainder of the report:
https://finance.yahoo.com/news/morgan-stanley-says-traders-waiting-003532498.html
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