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Dollar Battered, Bruised, but Set to Escape Bearish Clutches

12 days ago   |   By FXCM

By Yasin Ebrahim
Investing.com - The dollar has been battered, bruised and given little chance of escaping the clutches of bearish bets, but Morgan Stanley believes the greenback's fortunes are about to change as real yields could be on the up and up.
The U.S. dollar index, which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.21% to 89.94.
“We've seen some modest USD weakness recently and now believe the time has come to start scaling into long USD positions,” Morgan Stanley said in a recent note.
The firm isn't shy to admit that its somewhat...
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