Goldman Sachs: "USD-bulls are at awful risk!"

23.11.2018 / 10:00

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"We expect a strong US dollar decline next year, as US economic growth slows to a greater extent than the global average," Goldman Sachs said.

In combination with several negative factors, the negative for USD picture is confirmed. According to the bank, a Wall Street leader, the short-term rise we see in some of the major currencies will remain in the next few years. "Latin American currencies have to catch up with the lost in the last few years, which will put additional pressure on the dollar," Goldman predicted.

According to the bank, the US still has a problem with its huge double deficits, and ultimately the Fed has reached and shuts down the tightening cycle. "With regard to the long USD positions ... they are now at a terrible risk." - comments from the bank.

Earlier today, the bank also announced its position in terms of JPY, which was completely in line with expectations for USD.

Goldman turn bullish on JPY for 108.00 - USD/JPY

Goldman bulls on JPY with target 108.00 - USD/JPY

Source: Bloomberg Finance LP

Trader Petar Milanov

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Goldman Sachs: "USD-bulls are at awful risk!"

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