Matthew Hornbach, Global Head of Macro Strategy from Morgan Stanley, said that the American banking giant has dropped its expectations of a near-term US dollar weakness while it awaits signals for a rebound. Key quotes “It’s no longer attractive to be positioned for a weaker dollar from here given the uncertainties around the fiscal policy outlook, the monetary policy outlook and the growth in the inflation outlook.” “We turn neutral on the USD amid rising US fiscal stimulus odds and crowded USD sentiment.” Looking “for signals on when to turn bullish.” Related reads Major currencies still aligned to risk sentiment than yield differentials – HSBC Dollar index snaps three-day winning streak, fund manager warns of greenback strength in 2021 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD eases towards 0.7750 as virus woes probe risk-on mood FX Street 2 years Matthew Hornbach, Global Head of Macro Strategy from Morgan Stanley, said that the American banking giant has dropped its expectations of a near-term US dollar weakness while it awaits signals for a rebound. Key quotes "It's no longer attractive to be positioned for a weaker dollar from here given the uncertainties around the fiscal policy outlook, the monetary policy outlook and the growth in the inflation outlook.” "We turn neutral on the USD amid rising US fiscal stimulus odds and crowded USD sentiment.” Looking "for signals on when to turn bullish." Related reads Major currencies still aligned to risk sentiment… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
