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UPDATE 1-Dollar's dominant reserve currency status to endure, says Morgan Stanley [Yahoo! Finance]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Yahoo! Finance
LONDON, April 18 (Reuters) - The U.S. dollar's dominant reserve currency status is likely to endure partly because even the most talked about alternative the Chinese yuan falls short as a credible challenger, Morgan Stanley said in a report on Thursday. Rivalry with China, Russia's war in Ukraine, wrangling in Washington over the U.S. debt ceiling and rising debt levels have put the dollar's status as the world's dominant currency under scrutiny in recent years. In a new report exploring the dollar's reserve status, Morgan Stanley said it did not expect the currency's dominance to change soon, noting dollar influence in the global economy across a range of economic and financial metrics remains strong. Concerns about the U.S. fiscal outlook and the persistent use of economic sanctions by Washington could motivate some countries to seek alternatives to the dollar, but it is is a difficult task, Morgan Stanley said. "The most discussed competitor is China, and we do expect a mo Show less Read more
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