Goldman Sachs says more hawkish Fed expectations a 'headwind' for short USD

Author: Eamonn Sheridan | Category: Central Banks

Goldman Sachs says they are still forecasting a weakening for the USD, citing:

  • its valuation is high
  • ongoing global economic recovery 
But:
  • 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:
Goldman Sachs says they are still forecasting a weakening for the USD, citing:
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