Goldman Cuts Dollar Forecasts After Fed Slashes Interest Rates
- Strategists see pound rallying further, euro strengthening
- In contrast, Deutsche sees dollar’s high-yield appeal intact
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Goldman Sachs Group Inc. has lowered its forecasts for the dollar against a wide range of currencies after the Federal Reserve slashed interest rates.
The bank expects the greenback to gradually weaken as lower US yields diminish its appeal. In turn, it has lifted its forecasts for several major currencies, including the euro, the pound and the yen.