Goldman Sachs says more hawkish Fed expectations a 'headwind' for short USD
Goldman Sachs says they are still forecasting a weakening for the USD, citing:
- its valuation is high
- ongoing global economic recovery
- more hawkish Fed expectations and the ongoing tapering debate look likely to be a headwind to dollar shorts over the near term
Goldman's has shut down their long EUR/USD trade recommendation after the FOMC Wednesday. ICYMI - Fed developments:
Dotty Fed Chair Powell.