【Morgan Stanley: The Dollar Will Peak by Year-End and Enter a 'Bear Market Pattern' in 2025】Golden Finance reports that Morgan Stanley expects the dollar's strength to peak by the end of the year, after which it will enter a 'bear market pattern' and slowly decline in 2025. The firm believes that, given the Bank of Japan will raise interest rates, and the Reserve Bank of Australia's easing actions will be gradual, the yen and the Australian dollar have the greatest potential for appreciation next year.