Morgan Stanley recommends shorting the dollar and buying the British pound and Australian dollar

According to TechFlow, Morgan Stanley pointed out in its latest research report that the US dollar has digested most of the positive factors and recommended investors to short the US dollar.

Analyst David Adams recommends buying GBP/USD or AUD/USD with target prices of 1.32 and 0.675 respectively.

Analysts said the market's generally bullish outlook for the dollar suggests asymmetric risks. The British pound and the Australian dollar are less affected by trade tensions and are trading near record lows, with room to rise.