On Wednesday, the American investment bank Goldman Sachs released a research note outlining its expectations for the movements of the US dollar until the end of the year.
In this regard, Goldman Sachs expects the dollar to weaken, based on the fact that the gradual and slow release of delayed US economic data will show a weaker pace of economic growth, especially in the labor market, which will pave the way for further easing of monetary policy and put downward pressure on the dollar.
In addition, initial indicators should reflect a slowdown in economic momentum in the United States, although current data is still lagging in time, which is keeping currency market volatility generally low.
In addition, the stabilization of global risk appetite and the increasing expectations of an interest rate cut by the Federal Reserve will add further pressure on the dollar during this period.
Other influential factors include official Japanese warnings about intervening to curb the rise of the dollar-yen, the resilience of the British pound following the more moderate British budget, and the renewed strength of the Chinese yuan, all of which support a general decline in the dollar.
