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Morgan Stanley: Energy shocks may boost the dollar, recommend selling on rallies
According to Jin Shi reports, Morgan Stanley strategists stated in a report that the dollar may further rise in the short term due to the impact of energy price shocks caused by the Iran war.
However, they pointed out that once the market focuses on the negative impact of rising energy prices on economic growth, the dollar may weaken instead. They advised investors to sell when the dollar rebounds, rather than buying during a pullback.
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