Amidst the US Federal Reserve’s (Fed) hawkish turn on the monetary policy, analysts at Goldman Sachs continue to predict a weaker US dollar going forward.
Key quotes
“Forecast a weakening for the USD, citing that its valuation is high and ongoing global economic recovery.”
“More hawkish Fed expectations and the ongoing tapering debate look likely to be a headwind to dollar shorts over the near term.”
“Put down long EUR/USD trade recommendation after the FOMC.”
Read: Federal Reserve ups the ante on inflation, growth and interest rates