Goldman Sachs expect broad USD weakness over there rest of 2021

Author: Eamonn Sheridan | Category: News

Remarks from Goldman Sachs analysts on the US dollar via eFX

  • Our market forecasts through the balance of the year assume that US Treasury yields will rise but that the US Dollar will depreciate against most crosses. 
  • The Dollar's correlation with Treasury yields tends to vary over time, and depends on the underlying macroeconomic fundamentals driving rates and FX markets
  • In a period of rising cyclical optimism, as we expect over the near term, we should anticipate a negative correlation, with rising rates associated with broad Dollar weakness

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