Warsh’s Fed Debut a Key Risk for FX Markets, Morgan Stanley Says


“The June FOMC is the clearest, underpriced standout event as a key risk to both the low-vol environment and consensus positions,” Adams, Andrew Watrous, Molly Nickolin and Koichi Sugisaki wrote in a Wednesday note. The meeting “could upend existing narratives and create new tradable trends for the dollar and FX more broadly.”



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