Market News
US policy factors 'critical' to extent of de-dollarisation shift, Morgan Stanley says - REUTERS
LONDON, Jan 21 (Reuters) - U.S. President Donald Trump's policies around debt, trade, sanctions, security and the country's key institutions are likely to be critical in determining the extent of a shift away from the dollar, Wall Street bank Morgan Stanley has said.
In a report on Wednesday ahead of a speech by Trump in Davos where he is expected to reinforce his push to acquire Greenland, the U.S. investment bank said the transition toward a "multipolar world" was raising questions about the dollar's status.
"On net, we think these (policy uncertainty) factors are neutral to slightly accelerating this transition away from the dollar, but their evolution over the near term will likely be critical in determining the extent of this shift," it said.
