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Morgan Stanley Global FX Strategist Hans Redeker He predicted that the US economy would slow down next year, as the Fed expects a rise in interest rates in 2019, which would result in a depreciation of the 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.
The report on foreign exchange transactions in November of Morgan Stanley, according to the dollar index in the last quarter of 2019, rising from 97 current levels to 85, will be 81 by the end of 2020.
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