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Hans Redeker, Global FX strategist at Morgan Stanley, predicted that the US economy would slow down next year and that the Fed should end the rise in interest rates in 2019, resulting in a depreciation dollar.
"More importantly, major economies such as Europe, Japan and China are now investing less in global financial markets, and as a result, demand for dollars will also fall," he told CNBC. .
Redeker "When you create a debt, you need someone to buy it.In this case, you look at the availability of global capital, access to capital is also plummeting," did he declare.
DOLLAR INDEX FALLS
According to the agency's November Foreign Exchange Report, the dollar index will rise from current levels of 97 to 85% in the last quarter of 2019 and to 81 by the end of 2020.
Redeker, with the introduction of foreign funds, the dollar has strengthened this year, but the investor will get better returns when the money coming out of the United States, some emerging markets in the United States now offer better returns than United States.
Morgan Stanley raised its recommendation regarding market shares being developed early in the week to "increase the weight", while lowering the one on US stocks aimed at "reducing weight." The institution said it expects stable growth next year in emerging markets.
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