Goldman Sachs: Dollar unlikely to fall sharply ahead of U.S. election
Analysts such as Goldman Sachs' Kamakshya Trivedi say that current U.S. economic data has weakened the case for Fed easing, which could lead to broader and more damaging dollar volatility. However, even if this trend continues, it will be difficult for the dollar to fall sharply ahead of the U.S. election, as investors are unlikely to chase improved overseas growth as they did in 2016. The dollar will return to the strong side of its recent range in the coming months, and a "breakout" in its favor is more likely to occur "if factors such as tariffs or more expansionary fiscal policy catalyze higher inflation".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Yunfeng Financial donates HK$10 million to support Hong Kong fire rescue efforts
Data: A trader opened a BTC long position worth $84.19 million on Hyperliquid
Trending news
MoreData: BTC options expiration of 143,000 contracts with a max pain point at $98,000; ETH options expiration of 572,000 contracts with a max pain point at $3,400.
Qian Fenglei, Chairman of Hengfeng International Group, donates HK$12 million to urgently support the fire rescue at Hong Fook Court in Tai Po.