Goldman Sachs cuts its EUR/USD forecasts for the second time in less than a month. The following is GS' rationale behind this revision along with its new EUR/USD forecasts. FOMC March Meeting: "The September and December FOMC meetings, which both weakened forward guidance, saw the Dollar rally by between 2% and 3% in subsequent weeks. We see this week’s FOMC meeting, which should drop the word “patient”, as another step in that process. Indeed, given that US monetary policy may revert to full data dependence, something that Chair Yellen alluded to in her Humphrey-Hawkins testimony with “meeting-by-meeting ... (full story)