ECB hawkishness may be insufficient to support EUR in a stagflationary environment – Morgan Stanley

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Late on Wednesday, Morgan Stanley (MS) conveyed its bearish bias on the EUR/USD pair, targeting the 0.9300 level. The US bank highlights stagflation and geopolitical concerns as the key catalysts favoring their view.

The bank report joins hands with the market’s latest cautious move to trim the EUR/USD pair’s biggest daily gains in six months.

Also read: EUR/USD struggles to extend rebound beyond 0.9700, German Inflation, US GDP eyed

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