Goldman Sachs - FX markets appear to 'throwing a tantrum'

Author: Eamonn Sheridan | Category: News

In a research note to clients, Goldman Sachs say data will improve and the USD selloff will reverse

"After the perfect storm in March -- a dovish Fed and weak payrolls -- price action around last week's GDP disappointment was a howl of disapproval, something akin to the 'The Scream' by Edvard Munch. Foreign-exchange markets appear to be throwing a 'tantrum.'"

GS reckon recent losses won't last, and will be recovered as US growth improves

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