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Hans Redeker, Global FX Strategist at Morgan Stanley, predicted that the US economy would slow down next year. The US Central Bank (Fed) is expecting interest rates to fall in 2019, which would lead to a loss in the value of the dollar.
"More importantly, major economies such as Europe, Japan and China are investing less in global financial markets, so the demand for dollars will be lower," Redecker told CNBC.
Redeker "In debt, you will need someone to buy it in. In this case, you look to the right of global capital, access to capital is also hard to come by."
DOLLAR INDEX DROPS
According to the institution's Global FX Outlook report, the dollar index will rise from 97 currently to 85 in the last quarter of 2019 and to 81 by the end of 2020.
Redeker, the inflow of foreign funds, but this year, when the investor has strengthened the money for better returns, the United States, the outgoing money, which now forms the basis of the US core markets. United, showed better yields with reported kyas.
This week, Morgan Stanley sent the stock market recommendation to the stock market and reinforced its recommendation on US stocks to "reduce value". The institution said it expects stable growth next year.
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