This via the folks at eFX.
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- Morgan Stanley Research discusses EUR/USD outlook and maintains a bearish bias and a short exposure in spot targeting a move towards 0.97.
- "We remain bearish on EUR/USD targeting 0.97. Eurozone growth data continue to appear challenged, particularly consumption, as high prices and sticky wages are seeing real disposable incomes fall," MS notes.
- "High natural gas prices and ongoing political uncertainty (e.g., Italian elections forthcoming) should keep investors cautious about the Eurozone," MS adds.
