Morgan Stanley comes top with restrained dollar view

Both euro and yen advanced against the dollar


Morgan Stanley topped last week’s one-month currency forecast charts by predicting the weather-beaten dollar will concede more ground to the euro and the yen in the short run, despite the bank’s bullish medium-term view on it.

On April 4, 2014, the bank forecast EUR/USD to rise to 1.3883 from around 1.37, and it saw USD/JPY slide to 102.45 from 103.89. The consensus view called for EUR/USD to remain in the 1.37 region and USD/JPY to rise to 104.10.

Ian Stannard, head of European foreign exchange

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