Friday 29 October 2010

Are they paid for this at Morgan Stanley?



"1232 GMT [Dow Jones] Morgan Stanley has revised its currency forecasts with a weaker profile for the USD over the forecast horizon. It now sees EUR/USD peaking at 1.46 at year-end. "We think that the euro offers the best risk-reward for investors looking to short USD, with the likes of AUD and JPY close to their all-time strongest levels versus the dollar," Morgan Stanley says. (don.curren@dowjones.com) "


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