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M Stanley Warns Recent USD Rally as Typical 'Bull Trap'; Expects Fed to Cut Rates Twice This Year
Morgan Stanley warns that the recent rally in the USD is a typical 'bull trap' and may be short-lived. The bank indicates that as fundamental macro momentum shifts unfavorably for ...
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M Stanley Warns Recent USD Rally as Typical 'Bull Trap'; Expects Fed to Cut Rates Twice This Year
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Morgan Stanley warns that the recent rally in the USD is a typical 'bull trap' and may be short-lived. The bank indicates that as fundamental macro momentum shifts unfavorably for the USD, the current rally may not be sustainable.

The bank believes that the market underestimates the negative impact of the Middle East conflict on global economic growth, which may ultimately have a more severe impact on the US economy than currently reflected in market pricing. The bank expects that as economic growth slows, the Federal Reserve will cut rates twice this year, contrasting with the market's expectation that the European Central Bank will take the opposite action by tightening monetary policy to address inflationary pressures from rising energy costs.

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Since the US-Iran conflict began, the USD has appreciated by approximately 2%, supported by both safe-haven demand and rising energy prices. (fc/da)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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