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Possible financial crisis forecast due to USD rebound

Possible financial crisis forecast due to USD rebound

Washington, Sep 26 (Prensa Latina) Strategists at the financial multinational Morgan Stanley on Monday warned that the most recent rebound of the USD contributes to the "unsustainable situation" for riskier assets.

A statement from the U.S.-based bank said USD scenario could lead to a financial or economic crisis.

The USD value hit a record two-decade high on Monday while the Sterling Pound plunged to record low.

Morgan Stanley noted that currency swings are another pressure on the global economy and corporate earnings, and noted they will decrease as aggressive interest rate hikes by the U.S. Federal Reserve (Fed) start off by weighing on spending.

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