In a special note to clients, Goldman Sachs discusses the USD risk-reward going into payrolls at the end of the week along with its current forecasts for EUR/USD, and USD/JPY. USD Price Action: A Deja Vu. "The dovish FOMC surprise this March is casting a shadow over the Dollar, similar to a year ago...The last time the FOMC damaged conviction, when a “hawkish” dot plot in March 2014 was followed by “dovish” minutes in April. At the time, the Dollar fully unwound what were the makings of a rally and remained in the doldrums until mid-2014," GS notes. "In the aftermath of a dovish Fed surprise, are we cruising for a ... (full story)