The dollar is moving to fall under the influence of structural factors, and this will negatively affect the US stock market, warns Morgan Stanley optimistic players. After the 2008 crisis, the growth of stocks was mainly supported by its high rate, which is often overlooked. However, now the "American" expects a long period of weakening, MarketWatch cites the bank's forecast.

That the dollar is already changing mode is indicated by a growing number of factors. One of them is the Japanese central bank's decision earlier this week to raise interest rates and loosen its grip on domestic markets - this could prompt investors from Japan to switch from the U.S. currency to the domestic currency, which would tangibly deprive U.S. stocks of support. Other threats to the "American" include accelerating dedolarization amid deteriorating geopolitics and relations with China, as well as rising bitcoin and commodity prices.

Over the past year, the dollar index fell by 3%. At the beginning of the current year, it showed active growth, which, however, slowed down in March, despite sentiment regarding the key rate - during this month it lost 0.3%.