Morgan Stanley: The US dollar may depreciate another 6% this year

Morgan Stanley Investment Management Chief Investment Officer Jitania Kandhari said that the dollar's recovery earlier this week is a "counter-trend rebound," while its fundamentals still point to a decline. "This is a counter-trend rebound, but the long-term fundamentals still indicate that the dollar will decline further, potentially depreciating another 6% this year." U.S. investors need time to diversify away from domestic assets because "there is a significant domestic preference among U.S. investors," but the clients she interacts with are actively inquiring about opportunities in other parts of the world. She is currently optimistic about the euro, yen, and emerging market currencies