15:56 - 25.09.2026

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September 25, Fineko/abc.az. Global investment bank Morgan Stanley has officially revised its bearish outlook on the US dollar. In a note led by analyst David Adams, the bank acknowledged that its previous expectation for the greenback to weaken through the second half of 2026 was incorrect.

The shift in stance is driven by the Federal Reserve's hawkish policy stance, higher relative US interest rates, and elevated political risk premiums weighing on the euro. Under the updated forecasts, Morgan Stanley projects the EUR/USD exchange rate to fall to 1.10 and the US Dollar Index (DXY) to climb to 104 by mid-2027.