Morgan Stanley thinks the dollar has further to fall

The US dollar has been under pressure this year.

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• Morgan Stanley predicts the US Dollar Index will fall by 9% over the next 12 months.
• The bank's strategists cite factors such as interest rate cuts and the rising strength of other currencies.
• Some investors are doubting the dollar's enduring status as a safe-haven asset.

Morgan Stanley thinks the dollar has further to fall — to levels last reached during the pandemic — driven lower...