(Bloomberg) -- Morgan Stanley sees the euro sliding toward parity with the dollar within months, as the European Central Bank dials up policy easing to...
-- Morgan Stanley sees the euro sliding toward parity with the dollar within months, as the European Central Bank dials up policy easing to tackle a faltering economy.The US bank expects the single currency to slump to $1.02 by year-end, a roughly 7% depreciation from current levels, its head of Group-of-10 foreign-exchange strategy David Adams said in an interview.
Money markets are currently wagering on about 60 basis points of easing in Europe this year, compared to around a hefty 110 basis points in the US. Adams, based in London, sees scope for traders to ramp up bets on the ECB to price in a similar risk of a half-point reduction. “Political risk premia and uncertainty are rising at a time when economic growth is slowing,” he said. “Both of those factors suggest investors would be less willing to deploy capital in the region.”Learning to Manage People by Talking to a BotPakistani police detained several lawmakers and leaders of former Prime Minister Imran Khan's party in raids a day after it held a major rally in the capital to demand his release, the party and police said on Tuesday.
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