July 3, 2025 02:31 PM GMT G10 FX Strategy | Global Our Latest Views Morgan Stanley's top G10 FX strategy views including key fundamental catalysts and technical levels to watch. Key Takeaways USD View: Bearish | Skew: Bearish The USD sell-off should continue as technical forces from FX hedging and momentum play an increasing role. Stickier inflation reducing pricing for 2025 Fed cuts is unlikely to be USD-positive if joined by weak growth. EUR View: Bullish | Skew: Bullish EUR/USD's uptrend should continue ...

Dollar weakness continues to dominate our G10 FX views with US-RoW rate and growth convergence, as well as increased FX hedging, remaining in play. USD View: Bearish | Skew: Bearish The DXY should continue trading lower as US growth and rates converge to those of the rest of the world, and increased FX hedging adds risk premium to the USD. EUR View: Bullish | Skew: Bullish July 2, 2025 07:50 AM GMT Global Macro Strategy | Global G10 FX Chart Pack Top charts we are watching for each G10 currency with economi ...

June 16, 2025 11:41 AM GMT Global Macro Strategist Consensus Views Not Always Sizeable Consensus Positions Feedback from our mid-year outlook suggests our directional views are commonplace among strategists and investors alike. In response, investors have taken a cautious approach to implementing them – sowing the seeds for disappointment as USD declines and the UST curve steepens further. Key Takeaways Please add me to your distribution list. Must reads from Global Macro Strategy G10 FX Strategy: USD Weakn ...

May 12, 2025 07:05 AM GMT Global Macro Strategist Are You "Overweight" the USA? If investors outside the US sit overweight US assets in aggregate, then US investors must sit underweight. The home bias of US investors challenges the popular view that foreign investors indeed sit overweight the US. Regardless, allocation and hedge ratio adjustments should still weigh on USD. Key Takeaways Please add me to your distribution list. Must reads from Global Macro Strategy US Rates Strategy: The Path to a 30% Bill S ...