The Recent Drop In The US Dollar Is Only The Beginning, Says Goldman
From forbes.com
The recent tumble in the value of the dollar is just the beginning of a far greater plunge that is about to materialize, analysts say. That will likely put further stresses on an already beleaguered economy and could make re-election for the Trump administration harder. “Our FX [foreign exchange] strategists believe that the recent decline in the USD is just the beginning of a larger structural downtrend in the greenback driven, in part, by a further recovery in the global economy,” states a recent report from iconic Wall Street bank Goldman Sachs GSBD . The statement comes after an already severe decline in the ...
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