Goldman Sachs: We're making a major shift in our USD view, EUR/USD forecasts hiked ...Middle East

Key Points:

"Exceptionalism" unwinds:The USD's strength had been underpinned by "exceptional" relative US growth and global capital inflows. With that narrative unraveling, valuation pressures are reversing.

Conclusion:

Goldman Sachs is now firmly in the Dollar bearish camp, betting that weakening US fundamentals and fading exceptionalism will continue to drive structural dollar depreciation. The EUR stands out as a key beneficiary, with EUR/USD now expected to rally towards 1.20 by year-end.

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This article was written by Adam Button at www.forexlive.com.

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