[If Market Risk Appetite Rebounds and the Fed Avoids Rate Hikes, the Dollar May Weaken] Jin10 Data, June 8 — Morgan Stanley strategists stated in a report that if risk appetite rebounds and the Federal Reserve avoids raising interest rates, the dollar may weaken in the coming months. They pointed out that positive risk sentiment is unfavorable for the dollar in the absence of rate hikes. However, they noted that if the U.S. economy outperforms other countries, leading to rate hikes exceeding those of other nations, it would be more favorable for the dollar. 'Given that both the European Central Bank and the Bank of Japan are expected to raise rates this month, the narrowing interest rate differential should encourage a rise in risk appetite, thereby putting pressure on the dollar.'