Morgan Stanley saying they are now strategically bullish on the euro for the first time since crisis
From a client note. MS 'strategically bullish' on euro, citing:
- strong data
- political events - political stability
- valuations
- equity market inflows due to growth-related factors
Says the January low was the bottom
- Looking for 1.18 by year-end (were previously at 0.97)
- & 1.19 by Q1 of 2018 (previously calling 1.00)