Goldman Sachs Forecasts Weaker Dollar As Fed Begins Interest Rate Reversal: Report

Banking giant Goldman Sachs is forecasting a weaker US dollar following the interest rate reversal from the Federal Reserve. In a new note to investors covered by Bloomberg, Goldman strategists say a gradual weakening of the greenback is expected now that lower rates have lessened the dollar’s appeal. The bank said the Fed’s recent cut The post Goldman Sachs Forecasts Weaker Dollar As Fed Begins Interest Rate Reversal: Report appeared first on The Daily Hodl .

Source: The Daily Hodl