Morgan Stanley

FX targets via market commentary

LIVE11 June 2026USD bearish

Morgan Stanley holds a bearish-USD view for 2026 — see its Dec-2026 currency targets, conviction trades and macro scenarios, or compare against the live cross-firm consensus →

Overview Forecasts Trades Currencies Scenarios Technicals Volatility EM Strategy Macro Quant

Currency Views

Name: Investment Bank FX Research Directory
Creator: FX Bank Forecast
License: https://fxbankforecast.com/terms
Keywords: bank FX research, investment bank reports, FX strategy, institutional research directory, bank forecasts

Morgan Stanley per-currency outlook across 15 currencies — bias, key drivers, live rates, and quarterly targets

Currency Coverage

G10

10 currencies

AUDCADCHFEURGBPJPYNOKNZDSEKUSD

EMEA

1 currency

ZAR

LatAm

2 currencies

BRLMXN

Asia

2 currencies

CNYKRW

Cross-firm comparison · live spreads · revisions

Firm	Dec '26 Target	vs Spot	Revised
Goldman Sachs	•.••••	+•.•%	•••
JPMorgan	•.••••	+•.•%	•••
Morgan Stanley	•.••••	+•.•%	•••
Citi	•.••••	+•.•%	•••
Deutsche Bank	•.••••	-•.•%	•••
BofA	•.••••	+•.•%	•••

Bias · Dec '26 target · live spread · revision delta

15 currencies covered · bias, live spreads, quarterly targets, and cross-firm comparison unlock with Retail.

FX BANK FORECAST · COVERAGE

Institutional FX coverage in your inbox

Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.