Morgan Stanley
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US investment bank Morgan Stanley expects the US dollar to continue to grow strongly through the end of this year, reaching the dollar index at 118 points at the end of the year.
Morgan Stanley attributed the reasons behind his high expectations for the dollar index to the fact that the dollar is gaining a lot of bullish momentum now due to expectations of large interest rate hikes by the US Federal Reserve, which is expected to be announced. during the upcoming meetings of the Federal Open Market Committee, which has not yet been released.
Morgan Stanley explained that this is due to the implicit relationship between the dollar index and the higher interest rate the US Federal Reserve could reach before stopping the increases and their impact on inflation as the dollar gains more momentum. to the upside if the data exceeds the next few months, they show a significant slowdown in inflation rates.
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