There Is ‘More Room’ for Dollar Strength, Goldman Sachs Says
- US Credit conditions have not tightened as much as feared
- Analysts maintain its euro target at 1.10 for the end of 2023
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The US dollar has more room to strengthen than the market is currently estimating, according to Goldman Sachs Group Inc.
Credit conditions in the US have not tightened as much as feared initially, while activity in Europe and China has disappointed robust expectations from earlier in the year, Goldman analysts Michael Cahill and Lexi Kanter wrote in a note Tuesday.