Morgan Stanley: Top trade for 2024 - Selling EUR/USD, targeting parity by end of Q1 ...Middle East

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Morgan Stanley: Top trade for 2024 - Selling EUR/USD, targeting parity by end of Q1
source : forex live ( Middle East ) () 25
It takes two sides to make a market. Earlier today, Bank of America was out with a bullish call on EUR/USD for 2024 but Morgan Stanley is taking the opposite side.Analysts at Morgan Stanley highlight their top trades for 2024 and that includes selling EUR/USD around the current level of 1.10, with a target of reaching parity (1.00) by the end of the first quarter of 2024. This strategy is based on the expectation of continued US economic outperformance and the evolving global economic landscape.Key Points:US Growth Outperformance: Morgan Stanley forecasts continued US growth outperformance into 2024, both in absolute terms and relative to expectations. This is expected to support the USD str

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