Institution: US Dollar Expected to Remain Weak Over the Next 12 Months

BlockBeats News, June 2nd: Morgan Stanley research strategists Vishwanath Tirupattur and Serena Tang stated in a report that the continued weakness of the US dollar over the next 12 months is a key theme for Morgan Stanley Research.

They said, "We expect that, as US rates and economic growth converge with peers, the dollar will continue to weaken." Increased flow of FX hedge fund flows has led to a further rise in risk premium, which will add to selling pressure on the dollar. Safe-haven currencies such as the Japanese Yen, Swiss Franc, and Euro are expected to benefit from this. (FXStreet)