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 […] source: https://dailyhodl.com/2024/09/29/goldman-sachs-forecasts-weaker-dollar-as-fed-begins-interest-rate-reversal-report/