Currencies
Goldman Sees Dollar Rallying 5% or More as US Growth Dominates
- Euro seen dropping below US currency’s value in six months
- Tariffs, US outperformance likely to drive dollar strength
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Goldman Sachs Group Inc. has upgraded its dollar forecasts, citing a robust US economy and likely higher tariffs that may slow monetary easing.
“We expect the dollar to rally by about 5% over the coming year on the realization of new tariffs and continued US outperformance,” strategists including Kamakshya Trivedi wrote in a note. Even with this upgrade, “we still see the risks tilted towards more dollar strength.”