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Morgan Stanley reversed its U.S. dollar outlook after bond yields rose

The bank cited higher bond yields and expectations for additional Fed rate hikes as drivers of the forecast change.

Reported · Written up by our desk · Major Pairs

MarketWatch reports that Morgan Stanley changed its stance on the U.S. dollar after rising bond yields and expectations for further Fed rate hikes undermined its prior view.

According to the outlet, the shift reflects how the move in rates has reshaped the bank’s expectations for the buck going forward.

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