Dollar's dominant reserve currency status to endure, says Morgan Stanley [Reuters]
Morgan Stanley (MS)
Last morgan stanley earnings: 4/16 07:15 am
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Source: Reuters
Concerns about a surge in U.S. debt levels and heightened geopolitical risk have triggered a debate about the dollar's status as the world's no.1 reserve currency, with some signs that reserve managers have started to diversify away from the greenback. "We expect USD's dominant reserve currency status to endure despite ongoing challenges from an increasingly multipolar world," Morgan Stanley said in a note. "This supports our current preference for USD and should provide long-term support, though periods of weakness are to be expected on cyclical conditions and valuations." Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here. Reporting by Dhara Ranasinghe, editing by Alun John Our Standards: The Thomson Reuters Trust Principles. New Tab , opens new tab
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