Goldman Sachs see a rising probability for FX intervention if the USD continues higher

Author: Eamonn Sheridan | Category: News

Forex strategists at Goldman Sachs see a case for the Fed and Treasury to intervene in the US Dollar:

  • Should dollar appreciation continue, we would see a reasonably strong case for targeted intervention
  • and think there is a rising probability that authorities will take this step
  • If swap lines and (purchases of bonds) prove insufficient, we think Fed and Treasury should and will consider traditional FX intervention to stabilise the dollar
(bolding mine) 

There has been a surge of demand in past weeks for USDs, the US dollar is up at its quickest since 2008.


DXY, US dollar index snapshot Forex strategists at Goldman Sachs see a case for the Fed and Treasury to intervene in the US Dollar:
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