Morgan Stanley sidelined on long USD positions despite bullish outlook for 2024 ...Middle East

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Morgan Stanley sidelined on long USD positions despite bullish outlook for 2024
Morgan Stanley outlines its strategic perspective on the USD for 2024, balancing its bullish long-term outlook with current recommendations against taking long USD positions.Key Insights:Strategic Outlook for USD in 2024:Morgan Stanley forecasts a rise in the USD against G10 currencies by the end of 2024, driven by projections of stronger US growth compared to other major economies. Additionally, subdued investor sentiment regarding China's outlook could also support the USD.Current Stance on Long USD Positions:Despite the bullish strategic view, Morgan Stanley does not recommend taking long USD positions at present. This caution is influenced by expectations of declining 5-year Treasury yi

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