Morgan Stanley Warns Dollar Rally Won’t Last Long Amid Iran War
Blast damage to an apartment block following an overnight missile attack by Iran in Tel Aviv, on March 24.
Photographer: Kobi Wolf/BloombergThe dollar will weaken as interest-rate differentials between the US and Europe shrink and the war in Iran curbs economic growth, according to Morgan Stanley.
The greenback, which has strengthened since the US and Israel attacked Israel on Feb. 28, is benefiting from being a safe haven and the currency of the world’s top energy producer.