Morgan Stanley expects the US dollar index to drop to 95.000

According to a report by Morgan Stanley strategists, if risk appetite improves, the US dollar may weaken, and the DXY index is expected to drop from 97.903 to 95.000. They pointed out that US data needs to avoid being too weak or too strong, otherwise the US dollar may benefit from the narrowing interest rate differential between the Federal Reserve and the European Central Bank.