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This could the beaten-down U.S. dollar's route to a rebound, Morgan Stanley says
Many a currency strategist is bracing for prolonged U.S. dollar weakness due to upbeat global growth expectations and signs central banks around the world are moving toward ending ultraloose monetary policies. Still, the greenback might have one more trick up its sleeve according to Morgan Stanley analysts, and it all comes down to international trade. Trade is set to be the big topic of 2018. Aside from interest rates, it’s all that seems to be on currency strategists’ minds these days. Trade rhetoric has taken a protectionist turn of late, with President Donald Trump right at the helm in threatening to end ... (full story)