Morgan Stanley expert predicted the imminent decline of the dollar – RBC

Photo: Vladislav Shatilo / RBC

In the next few months, the dollar may drop by 5%. Such an opinion was expressed by a leading specialist Morgan Stanley Hans Redeker, explaining his situation in the US

economy

According to Bloomberg, the forecast Redeker, who is the chief strategist for Morgan Stanley, sent to its customers on Thursday. He pointed out that the dollar is expected to decline by 5% in the next few months. In an interview to Bloomberg expert explained that the coming decline in domestic demand

«We are pessimistic about the coming US economic prospects”, -. Redeker said, pointing out that the internal indicators point to this

The representative of Morgan Stanley have with the statement by the Federal Reserve this week, which demonstrated the lack of intention regulator significantly tighten monetary policy.

July 27 Committee on open market (FOMC) US Federal Reserve left the benchmark interest rate in the range 0.25-0.5%. Because voters for the basic rate of the ten FOMC members a chairman of the Federal Reserve Bank of Kansas Esther George was in favor of increasing it to 0,5-0,75%.

As explained to Bloomberg on the eve of publication of the decision on the rate of Jones professor of economics at the University Hopkins, Jonathan Wright, is now in the FOMC opinions were divided – some believe that the level of the base rate should be increased this year, and possibly more than once. According to them, it would reflect the positive momentum in US economic growth. Others believe that the risk management considerations dictate a more cautious behavior.