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Goldman Sees More US Dollar Strength Amid Fight Against Inflation
The dollar may remain stronger for longer if the Federal Reserve keeps interest rates steady, while other nations opt for a reduction in borrowing costs, according to Goldman Sachs Group Inc. “If the Fed holds steady but more jurisdictions decide to proceed with domestic easing rather than waiting on the US central bank, then policy divergence would likely keep the dollar stronger for longer,” strategists led by Kamakshya Trivedi and Joseph Briggs wrote in a note to clients. The analysts see June interest rate cuts for Canada, the UK and the euro area. The dollar has advanced against all of its Group-of-10 peers ... (full story)