Morgan Stanley returns to the bullish dollar camp only a few months after turning bearish on the greenback ahead of its early-summer tumble.
"The trend in the dollar is clearly to the upside," says the bank's head of FX strategy, Hans Redeker, who sees the dollar strengthening to $1.26 per euro (FXE) and 107 yen (FXY) by year's end.
Redeker says the reasoning for his previous bearish stance was the need for a "pause" in the rampant dollar bullishness of late spring.
Dollar ETFs: UUP, UDN. Leveraged dollar ETFs: UUPT, UDNT.
Other euro ETFs: ULE, ERO, URR, DRR, EUO.
Other yen ETFs: YCL, YCS, JYN.