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- US dollar to edge lower in the medium-term – Goldman Sachs
US dollar to edge lower in the medium-term – Goldman Sachs
The Goldman Sachs Analysts, in their latest client, offer a medium-term view on the US dollar, with the risks skewed towards the downside.
“Sticking with their bearish US dollar call for the medium term. Reasons for the bearish outlook:
Robust case for improving European growth in coming quarters and stimulus from China.
US rates are high compared with a trade-weighted average of G10 rates.
USD could drop when rate differentials fall 80-100 bps (US 2 year notes) that EUR and GBP will benefit.”
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