Goldman Sees Resilient US Economy Tempering a Dollar Decline
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The outlook is set to darken for the dollar in 2024, but the sturdy US economy and high yields will likely support the currency’s valuation, according to Goldman Sachs Group Inc. strategists led by Kamakshya Trivedi.
The greenback is still up about 1.6% this year, after slipping from its 2023 highs set last month. It’s on track for a third straight annual gain with the Federal Reserve signaling it intends to keep interest elevated for an extended period to tame inflation.