Morgan Stanley adds the purchase of EUR/USD in its Portfolio Forex and trading recommendations.
«The reaction of the USD after the FOMC remained limited, so we choose to buy EUR/USD on the dips.
The theme of the fundamentals of the euro area remains strong, with the stock markets of the region, which begin to rise despite the rise in the Euro.
The markets no longer see a high risk of breakage of the Monetary Union, allowing EUR/USD to diverge from what the rates suggest. «
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