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Morgan Stanley expect to see the USD index...>

DOLLAR
DOLLAR: Morgan Stanley expect to see the USD index trading at new lows of 88 in
the near future, with the gains led by the EUR and JPY. MS write that higher
global funding costs and higher asset volatility will hurt those with outsized
balance sheets and weak asset quality, highlighting CAD, AUD, NZD and GBP as
prime suspects. Despite the RBA, RBNZ and BoE all expected to upgrade growth
forecasts this week, MS don`t expect this to prevent the respective currencies
from declining. 

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