Month-end rebalancing should see the US dollar underperform – Morgan Stanley

News

Morgan Stanley notes that their month-end rebalancing model expects the dollar to underperform this month, with their signal suggesting weakness in the greenback against all G10 currencies except the Norwegian Krone. That will add some weight to an already struggling dollar since the turn of the year.

Just something to take note of we approach the final few trading days of January.

Articles You May Like

Canadian dollar falls to the lowest in two years
Oil rises 2% as US stockpiles drawdown, OPEC+ mulls output hike delay
The USDCAD stretches toward the highs for the year and toward highs going back to 2022.
Standard Chartered lifts income guidance again after beating third-quarter profit forecasts
Oil heads for weekly gain as Middle East tensions keep traders on edge

Leave a Reply

Your email address will not be published. Required fields are marked *