(Bloomberg) -- The ``next big move'' in currency
markets is an advance in the euro, British pound and Australian
dollar as investors regain risk appetite and central banks raise
interest rates, says Morgan Stanley's Stephen Jen.
The three currencies have all slipped the past week as
investors cut risk and bought the relative safety of dollar-
denominated government bonds on concern a U.S. housing slump
will slow world growth. Recent turbulence in financial markets
will be contained amid a strong global economy, the
International Monetary Fund said today.
Read more at Bloomberg Currencies News
markets is an advance in the euro, British pound and Australian
dollar as investors regain risk appetite and central banks raise
interest rates, says Morgan Stanley's Stephen Jen.
The three currencies have all slipped the past week as
investors cut risk and bought the relative safety of dollar-
denominated government bonds on concern a U.S. housing slump
will slow world growth. Recent turbulence in financial markets
will be contained amid a strong global economy, the
International Monetary Fund said today.
Read more at Bloomberg Currencies News
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