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Goldman: Here Is Why Now's A Good Time To Buy USD Tactically

From efxnews.com

Goldman Sachs has been and remains a structural USD bulls. Adding to this very 'high-conviction' call, GS advises clients in a note after the US payrolls on Friday to start buying the Dollar tactically. The following are the key points constituting GS' argument along with its latest forecasts for EUR/USD. 1- "Tactically, we think now is a good time to position for Dollar strength. That is because some of the progress the Fed made last year towards data dependence has been undone since the March FOMC, when Chair Yellen memorably said that dropping “patient” does not translate to impatience," GS advises. 2- "Since ... (full story)

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