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Goldman Sachs: Dollar unlikely to fall sharply ahead of U.S. election

Goldman Sachs: Dollar unlikely to fall sharply ahead of U.S. election

Bitget2024/05/24 21:24

Analysts such as Goldman Sachs' Kamakshya Trivedi say that current U.S. economic data has weakened the case for Fed easing, which could lead to broader and more damaging dollar volatility. However, even if this trend continues, it will be difficult for the dollar to fall sharply ahead of the U.S. election, as investors are unlikely to chase improved overseas growth as they did in 2016. The dollar will return to the strong side of its recent range in the coming months, and a "breakout" in its favor is more likely to occur "if factors such as tariffs or more expansionary fiscal policy catalyze higher inflation".

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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