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

FX Volatility

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 volatility outlook, carry-to-vol analysis, and event risk

Carry-to-Vol Screen

Overview

Near historical lows, compressed by low CB activity · Vol likely to rise in H1 on Fed pivots, then compress again in H2 · Low (2 decile) in H1, rising to 4 decile in H2

10 carry pairs · 7 FXO themes · 3 event risks

10 carry pairs · 7 FXO themes · 3 tracked events behind the gate.

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.