...because you never know - until you do!
-
The Fed will pull ahead in the 'reverse currency war' and squeeze the US dollar even higher after a strong jobs report, Goldman Sachs says
Signals of strength in the US jobs market mean the Federal Reserve has scope carry on its tightening campaign while other central banks struggle to keep up with the surging dollar, according to Goldman Sachs. A team of strategists at the Wall Street bank said Friday's nonfarm payrolls report — which showed the US added a better-than-expected 261,000 jobs in October — could strengthen the Fed's hand in the so-called "reverse currency war". "In the face of more resilient data, the Fed looks set to deliver a series of rate hikes that other central banks will increasingly struggle to match," they said in a research ... (full story)