TechFlow, May 17 — According to Jinshi Data, Jitania Kandhari, Chief Investment Officer at Morgan Stanley Investment Management, said the dollar's recovery earlier this week was a "counter-trend rally," while its fundamentals still point downward. "This is a counter-trend rally, but long-term fundamentals still suggest further dollar depreciation, potentially another 6% this year." U.S. investors need time to diversify away from domestic assets due to a "strong home bias among American investors," but clients she has spoken with are actively inquiring about opportunities in other regions of the world. She currently favors the euro, yen, and emerging market currencies.
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