Reported about 8 hours ago
According to a report by Morgan Stanley, a significant number of traders are prepared to sell the US dollar, contrary to the prevalent bullish sentiment in the market. Strategists noted that while bullish investors are vocal, a 'silent' majority is poised to enter short positions, particularly as upcoming inflation data and fiscal negotiations could signal a potential Federal Reserve rate cut. This shift could result in increased volatility in the $7.5 trillion-a-day foreign-exchange market, especially as the dollar continues to strengthen against major currencies.
Source: YAHOO