Goldman Has Currency Trades for Contrasting Policy Rate Views
- Yen is top pick to express direction on rates, Fishman writes
- Bumpier dollar backdrop opens door to other G-10 trade ideas
This article is for subscribers only.
Goldman Sachs Group Inc. is recommending three currency trades for investors who want to position for where interest rates are heading.
Rather than trade the dollar, investors should focus on the yen, the euro and commodity currencies to get higher returns, strategist Karen Reichgott Fishman wrote in a note. Buy the yen to bet on lower US policy rates, or sell it for a contrasting playbook, she said.