Will the US Dollar Keep Dropping? See What Goldman Sachs Says
Currency investors who bet against the US dollar could face consequences, said Kunal Shah, Goldman Sachs Co-Chief Executive Officer (GSI). Shah highlighted that betting against the greenback is a bad idea, citing the broader markets’ phenomenal recovery since April. He indicated that a pullback is around the corner that could make long positions against the USD lose big. His statements came when the DXY index fell to a three-year low, as TradingView reveals, with its price being stagnated around the 96 to 98 level. The currency is struggling to remain afloat above the 100 level as it is down nearly 9.5% year-to-date in the charts. The Goldman Sachs analyst said that while US exceptionalism is under question, the dollar’s prospects remain solid. Also Read: Next US Dollar Low: Key Week With Fed Decision and Tariff Risk Goldman Sachs Analyst Says the US Dollar is Down, But Don’t Bet Against It Source: kahawatungu.com Shah explained that the US markets recovered after the ...