Morgan Stanley (MS) cut its forecasts for the Australian, Canadian and New Zealand dollars, citing what it called an increasingly challenging global economic environment for the commodity-exporting countries.
The Aussie will depreciate to 95 U.S. cents by year-end, compared with the previous projection of 99 cents, New York- based Morgan Stanley said in a note today. New Zealand’s dollar will fin…
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On July - 4 - 2012 Articles of Interest
