Currencies33500
Market Cap$ 3.48T-1.97%
24h Spot Volume$ 79.02B+15.1%
DominanceBTC60.26%+0.42%ETH8.98%+0.23%
ETH Gas6.16 Gwei
Cryptorank
MainNewsMorgan Stanl...

Morgan Stanley Warns Big Drop for US Dollar Incoming As Bank Updates Market Forecast


by Alex Richardson
for The Daily Hodl

One of Morgan Stanley’s top executives says that the US dollar is set for further declines, likely providing a boost to risk assets.

In a new interview on Bloomberg Television, Morgan Stanley chief investment officer Mike Wilson says that the bank is forecasting a big drop for the US dollar, potentially giving another tailwind to the S&P 500.

“Our forecast for the dollar, by the way in this mid-year update, is for another 10% decline. So that continues into next year. That’s what’s going to provide another tailwind for 2026, it’s just another reason that the S&P [500] has a really hard time correcting more than 10%.”

According to Wilson, the bank’s call on the dollar dropping 10% is based on the expectations that the Federal Reserve will cut interest rates.

However, the banker says even if the Fed isn’t as aggressive as Morgan Stanley thinks, the overall trend for the dollar remains down.

“If our call on 175 basis points of rate cuts next year proves to be true, you’ll get a 10% decline. If it’s only a hundred basis points of cuts, it’ll be less. But the direction of travel is south for the dollar, particularly against the yen, which they’re not going to be cutting rates anytime soon. Or even against [the euro], also the pound, because they don’t have as much room to cut in a slowdown.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Morgan Stanley Warns Big Drop for US Dollar Incoming As Bank Updates Market Forecast appeared first on The Daily Hodl.

Read the article at The Daily Hodl

Read More

Demand for US Dollar Drops in Global Copper Trade

Demand for US Dollar Drops in Global Copper Trade

Right now, copper trading markets have fundamentally transformed as China and Russia ...
Billionaire Tim Draper: Future Economy May Not Include US Dollar

Billionaire Tim Draper: Future Economy May Not Include US Dollar

The days of the US dollar are numbered, per Tim Draper, a renowned venture capital in...
MainNewsMorgan Stanl...

Morgan Stanley Warns Big Drop for US Dollar Incoming As Bank Updates Market Forecast


by Alex Richardson
for The Daily Hodl

One of Morgan Stanley’s top executives says that the US dollar is set for further declines, likely providing a boost to risk assets.

In a new interview on Bloomberg Television, Morgan Stanley chief investment officer Mike Wilson says that the bank is forecasting a big drop for the US dollar, potentially giving another tailwind to the S&P 500.

“Our forecast for the dollar, by the way in this mid-year update, is for another 10% decline. So that continues into next year. That’s what’s going to provide another tailwind for 2026, it’s just another reason that the S&P [500] has a really hard time correcting more than 10%.”

According to Wilson, the bank’s call on the dollar dropping 10% is based on the expectations that the Federal Reserve will cut interest rates.

However, the banker says even if the Fed isn’t as aggressive as Morgan Stanley thinks, the overall trend for the dollar remains down.

“If our call on 175 basis points of rate cuts next year proves to be true, you’ll get a 10% decline. If it’s only a hundred basis points of cuts, it’ll be less. But the direction of travel is south for the dollar, particularly against the yen, which they’re not going to be cutting rates anytime soon. Or even against [the euro], also the pound, because they don’t have as much room to cut in a slowdown.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Morgan Stanley Warns Big Drop for US Dollar Incoming As Bank Updates Market Forecast appeared first on The Daily Hodl.

Read the article at The Daily Hodl

Read More

Demand for US Dollar Drops in Global Copper Trade

Demand for US Dollar Drops in Global Copper Trade

Right now, copper trading markets have fundamentally transformed as China and Russia ...
Billionaire Tim Draper: Future Economy May Not Include US Dollar

Billionaire Tim Draper: Future Economy May Not Include US Dollar

The days of the US dollar are numbered, per Tim Draper, a renowned venture capital in...