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Goldman Says US Dollar Strength Versus Asia FX May Not Last Longer
Goldman Sachs Group Inc. is calling time on the US dollar’s strength against Asian currencies, saying it will wane in the next three-to-six months when greater clarity emerges over the Federal Reserve’s policy rates. “Timing the peak of USD is not straightforward, but on balance, the USD will crest as and when there is more clarity on Fed terminal rates, around 3- to 6-months from now,” analysts including Danny Suwanapruti wrote in a Sunday note. Once the USD has turned, diverging current accounts, FX reserves replenishment and equity-market inflows will drive the diverging path for non-Japan Asian ... (full story)
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- Posted: Nov 21, 2022 2:36am
- Submitted by:Category: Fundamental AnalysisComments: 4 / Views: 2,551
