# Morgan Stanley cuts year-end dollar forecast | Reuters

> Morgan Stanley cut its 2023 year-end forecast for the US dollar index to 98. The bank expects dollar weakness to be more pronounced against the euro as fears of a severe economic downturn ease.

- Date: 2023-01-16 · published 2023-01-16T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37974-morgan-stanley-cuts-year-end-dollar-forecast-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A lower dollar forecast implies firmer dollar-denominated commodity prices and cheaper imports for buyers using euro or other non-dollar currencies.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-12-22 | [Dire year for dollar has little light at end of tunnel in 2026 \| Reuters](https://feedsoft.ai/events/21684-dire-year-for-dollar-has-little-light-at-end-of-tunnel-in-2026-reuters.md) | -0.5% | -0.7% |
| DXY | 2018-02-28 | [Japanese yen may strengthen as dollar weakens: Morgan Stanley and ING](https://feedsoft.ai/events/66740-japanese-yen-may-strengthen-as-dollar-weakens-morgan-stanley-and-ing.md) | -0.1% | -0.5% |
| DXY | 2024-08-27 | [Pound hits two-year high on dollar, gains on euro \| Reuters](https://feedsoft.ai/events/29066-pound-hits-two-year-high-on-dollar-gains-on-euro-reuters.md) | +0.9% | -0.5% |
| DXY | 2020-11-30 | [Buying Euro-Dollar Dips a Top 2021 Trade at Morgan Stanley](https://feedsoft.ai/events/50369-buying-euro-dollar-dips-a-top-2021-trade-at-morgan-stanley.md) | -1.2% | -1.5% |
| DXY | 2023-01-16 | [Dollar finds its footing near seven-month low, all eyes on yen \| Reuters](https://feedsoft.ai/events/37978-dollar-finds-its-footing-near-seven-month-low-all-eyes-on-yen-reuters.md) | -0.0% | +0.7% |
| EURUSD | 2020-11-30 | [Buying Euro-Dollar Dips a Top 2021 Trade at Morgan Stanley](https://feedsoft.ai/events/50369-buying-euro-dollar-dips-a-top-2021-trade-at-morgan-stanley.md) | +2.0% | +2.9% |
| EURUSD | 2023-12-14 | [US Dollar Forecast: EUR/USD Rally Persists Following Fed and ECB](https://feedsoft.ai/events/8303-us-dollar-forecast-eur-usd-rally-persists-following-fed-and-ecb.md) | +1.5% | +1.5% |
| EURUSD | 2026-01-27 | [Dollar sinks to four-year low, Trump brushes off the decline \| Reuters](https://feedsoft.ai/events/10159-dollar-sinks-to-four-year-low-trump-brushes-off-the-decline-reuters.md) | -0.7% | -0.8% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/morgan-stanley-cuts-year-end-dollar-forecast-2023-01-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.