Analysts at Morgan Stanley offer their outlook on the G10 currencies, centered on the Euro, US dollar, Yen and Yuan, in its latest client note released on Friday. Key Points (via Bloomberg): Sees a weaker USD in “coming weeks”, citing: Economic data surprises in the US vs. G10 PBOC’s policy stance On the EUR, Market too bearish on euro, overly concerned about European political risks & growth outlook. Limited scope for the ECB to ease further given bond capacity constraints. USD topping would herald the start of an EUR rally. EUR/USD has absorbed bearish news without dropping under 1.1510, which is constructive. On USD/JPY: Looks for “one more leg higher” to 115. Low Japanese real yields may keep USD/JPY supported “until risk assets turn, as we expect in coming weeks, and Japan’s substantial exposure to U.S. risk assets renders it vulnerable to repatriation flows”. On Yuan: USD rally could be blunted if there’s a stabilization of Chinese equities that might be a sign the USD/CNH is peaking. 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 USD/CNY hits fresh one-year high above 6.80 as trade war turns into currency war FX Street 5 years Analysts at Morgan Stanley offer their outlook on the G10 currencies, centered on the Euro, US dollar, Yen and Yuan, in its latest client note released on Friday. Key Points (via Bloomberg): Sees a weaker USD in "coming weeks", citing: Economic data surprises in the US vs. G10 PBOC's policy stance On the EUR, Market too bearish on euro, overly concerned about European political risks & growth outlook. Limited scope for the ECB to ease further given bond capacity constraints. USD topping would herald the start of an EUR rally. EUR/USD has absorbed bearish news without dropping under 1.1510, which… 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.
