Dollar most oversold in 40 years, says Morgan Stanley; exits short position

The dollar is at its most oversold level in over 40 years, investment bank Morgan Stanley said today, adding it had now shifted from its dollar-bearish stance and turned "tactically neutral" on the US currency. The bank has exited its short position on the dollar index =USD .DXY which measures its value against a basket of currencies, while also closing long positions on the