Morgan Stanley Sees $200 Billion Hedging Flows Propping Up Euro

The euro could climb to levels last seen five years ago as a drop in hedging costs would drive flows of more than $200 billion and prop up the currency,...

By Carter Johnson · Bloomberg Markets

The euro could climb to levels last seen five years ago as a drop in hedging costs would drive flows of more than $200 billion and prop up the currency, according to Morgan Stanley.