Morgan Stanley Challenges 2% June Dollar Surge as Fed Inflation Fight Lifts Rate Bets
Updated
Updated · Bloomberg · Jul 2
Morgan Stanley Challenges 2% June Dollar Surge as Fed Inflation Fight Lifts Rate Bets
2 articles · Updated · Bloomberg · Jul 2
Summary
Morgan Stanley, Credit Agricole and TD Securities are pushing back against the growing consensus that the dollar will keep strengthening.
A 2% jump in the Bloomberg Dollar Spot Index in June — its best month since the Iran war began — has fueled that bullish view, and the gauge rose again at the start of July.
Fed expectations are driving the rally after Chairman Kevin Warsh said on June 17 that the central bank remains committed to fighting inflation, reinforcing bets on high or even higher interest rates.