Goldman Sachs Inc. strategists said the US dollar will continue its ascent, though investors can expect to spend the next year navigating a tight rope between inflation and higher rates.
The dollar “still has a lot going for it” as the economy and labor market show resilience, while other central banks are struggling to keep up with the pace of the US Federal Reserve’s rate hikes, according to Goldman Sachs strategists Dominic Wilson, Kamakshya Trivedi and Vickie Chang.
