Economy / FinanceRomeo Full Staff

Morgan Stanley’s Downgrade of the US Dollar Coincides with the BRICS Agenda


BRICS: Morgan Stanley Downgrades The U.S. Dollar Vinod Dsouza January 5, 2024 Multinational investment bank Morgan Stanley downgraded the outlook for the U.S. dollar from ‘Bullish’ to ‘Neutral’ on Friday. The global bank cited that the Federal Reserve initiating interest rate cuts led to the decline of U.S. Treasury yields. Morgan Stanley’s outlook for the U.S. dollar is now officially ‘Neutral’ and downgraded from its previous stance of ‘Bullish’. The downgrade comes at a time when the BRICS alliance is advancing to uproot the U.S. dollar’s global supremacy. Surprisingly, Morgan Stanley was the only bank that provided fodder to the U.S. dollar…

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