G10 外汇策略 -避开美元多头陷阱-G10 FX Strategy-Avoid the USD Bull Trap

March 25, 2026 04:17 PM GMT G10 FX Strategy Avoid the USD Bull Trap EUR/USD could fall to 1.13 amid elevated geopolitical uncertainty, but rate differential compression in the Defense Regime and a rebound in USD-negative risk premium from increased FX hedging keep the medium-term USD-bearish thesis intact – near-term volatility notwithstanding. Key Takeaways Please add me to your distribution list. M Global Idea Morgan Stanley & Co. International plc+ David S. Adams, CFA Strategist David.S.Adams@morganstanl ...