最新报道:Morgan Stanley warns the US dollar's recent rally is merely an "intermission" before further declines, with the DXY index down 11% YTD. FX strategist David Adams predicts another 12-month weakening phase as US rates converge globally. Chief strategist James Lord cites labor market softness, tariff uncertainties, and potential early Fed leadership changes as ongoing pressures. The bank notes foreign investors are increasingly hedging US asset exposures, signaling expectations of prolonged dollar depreciation. Adams emphasizes these hedging flows could become "significant long-term" trends given current unhedged positions.