Goldman Sachs says USD to fall
Goldman Sachs still expect a lower US dollar despite rising rates.
- As long as US front-end rates remain low
- and other curves are moving as well
USD also subject to weakness due to valuations limiting the selloff in bond yields
- rapid global growth over the next 6 months as vaccination, reopenings take place
Goldman says a larger-than-expected increase in global real rates is a risk to its view