Morgan Stanley: The US Dollar Index is unlikely to fall below 100.

Jinshi data news on September 3, Morgan Stanley expressed doubts about whether the US dollar index will fall below the key level of 100, despite Fed Chairman Powell’s stance on easing policy at the Jackson Hole meeting, the risk is skewed towards further weakness in the US dollar. “Both psychologically and technically, the 100 level of the US dollar index is very important. Without changes in global power, this level is difficult to break,” said David Adams, G-10 forex strategy director at the bank, in a report released on Tuesday. He added that political risks in Europe may still be underestimated, and the 2024 US presidential election is a clear risk event for the US dollar.