Morgan Stanley: The dollar will peak before the end of the year and enter a "bear market pattern" in 2025
Morgan Stanley predicts that the strong US dollar will peak before the end of the year, and then enter a "bear market pattern", slowly declining until 2025. The bank believes that given the Bank of Japan will raise interest rates, and the Reserve Bank of Australia's easing actions will be gradual, therefore, the Japanese yen and Australian dollar have the greatest potential to rise next year.
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