It takes two sides to make a market. Earlier today, Bank of America was out with a bullish call on EUR/USD for 2024 but Morgan Stanley is taking the opposite side. Analysts at Morgan Stanley highlight their top trades for 2024 and that includes selling EUR/USD around the current level of 1.10, with a target of reaching parity (1.00) by the end of the first quarter of 2024. This strategy is based on the expectation of continued US economic outperformance and the evolving global economic landscape. Morgan Stanley’s trade recommendation for 2024 focuses on selling EUR/USD, targeting a return to parity by the end of Q1 2024. This strategy is underpinned by the expectation of continued US economic outperformance, technical recessions in parts of Europe, and the anticipated shifts in global monetary policy. While the path to significant USD weakness is seen as challenging in the near term, evolving global economic conditions could make it more navigable as the year progresses. For bank trade ideas, . For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. .

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