Goldman Sachs sees broad-based US dollar decline next year

Dhwani Mehta FXStreet

The US investment banking giant Goldman Sachs published its macroeconomic outlook report for 2019 on Monday, with the key highlights found below.

Expects a broad fall in the dollar next year as the US economic growth slows to be more in line with the global average.

Revises it long-standing bearish view on the Japanese yen

Expects Latin American currencies, the Swedish krona, Canadian, Australian, and New Zealand dollars and Israeli shekel to rise.

Most near-term upside among major currencies is tipped to be the Canadian dollar, Australian dollar, New Zealand dollar.

Latin American currencies should outperform its emerging market peers next year; Chilean peso having the best scope to rise.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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