Morgan Stanley forecasts 9% dollar drop by mid-2026 on 175bp Fed cuts, and slower growth ...Middle East

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The bank forecasts:

British pound to climb to 1.45 from 1.35

10-year U.S. Treasury yields to hit 4% by end-2025 before falling sharply as the Fed cuts rates by 175 basis points next year

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The USD has lost ground during the session here so far:

This article was written by Eamonn Sheridan at www.forexlive.com.

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