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Morgan Stanley Predicts 9% Drop in US Dollar by 2024

6/6/2025

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Summary

Story summary

Morgan Stanley forecasts a 9% decline in the US dollar, reaching 91 on the US Dollar Index by mid-2024.
Interest rate cuts and slowing growth, alongside trade turmoil, are driving this decline.
Analysts suggest investing in the euro, yen, and Australian dollar, anticipating their strength against the dollar.
Further dollar weakness is possible, with 10-year Treasury yields expected to hit 4% by year-end.

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Story summary

Morgan Stanley forecasts a 9% decline in the US dollar, reaching 91 on the US Dollar Index by mid-2024.
Interest rate cuts and slowing growth, alongside trade turmoil, are driving this decline.
Analysts suggest investing in the euro, yen, and Australian dollar, anticipating their strength against the dollar.
Further dollar weakness is possible, with 10-year Treasury yields expected to hit 4% by year-end.