Morgan Stanley is out with a note reiterating its structural bullish USD views reflecting that in a very interesting title for this note, 'In USD We Trust'. US Economy – From Strength to (More) Strength: "Better-than-expected US data this week following last week’s strong prints reinforce our view of the economy developing escape velocity. Barring the safe-haven flows supporting US fixed income currently, money market normalization in the US has begun, in our view. FOMC voting member Fisher’s comments point to an increasing debate within the Fed about bringing forward the first rate hike – we expect US front-end ... (full story)