USD Weakness For How Long? - Morgan Stanley

USD Weakness For How Long? - Morgan Stanley

20 April 2016, 19:59
Vasilii Apostolidi
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In order to get the timing right to participate in USD weakening requires a closer look at the US Treasury market. Rising bond yields within a non-US QE and international capital inflow environment may indicate a better US economy, seeing its savings declining and its capital demand increasing.

Ultimately, the better economy would put the next Fed rate hike back on the agenda then, setting the turning point for USD.

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The problem is that bond yields have stayed offered so far, which is consistent with a sluggish US economy, indicating further USD weakness.

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