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Friday, February 5, 2010

Morgan Stanley: This trade could be hugely profitable this year

Morgan Stanley analyst Sophia Drossos says shorting the euro and going long on the dollar is likely to make money across a wide range of economic scenarios in 2010.

Long U.S. dollar "is a trade that can work in environments of risk aversion as well as stronger global growth,” Drossos notes.

“Because we believe a revival in the global economy will be led by U.S. growth outperformance against G4 economies.

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