Lates News

Jitania Kandhari, Chief Investment Officer of Morgan Stanley Investment Management, said in an interview that the recovery of the US dollar earlier this week was a "counter-trend rebound" and its fundamentals still point to a decline. "This is a counter-trend rebound, but the long-term fundamentals still indicate that the US dollar will continue to fall, possibly depreciating by another 6% this year." American investors need time to diversify from domestic assets because "there is a strong domestic bias among American investors," but the clients she interacts with are actively inquiring about other regions in the world to find opportunities. She is currently bullish on the Euro, Yen, and emerging market currencies.