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Goldman Sachs strategists expect little downside in the American Dollar in the near-term and see the EUR/USD pair falling to the psychological support of 1.10 in the next three months.

The shared currency is currently trading at 1.1150 with the German 10-year bund yield below zero.

The investment bank favors pro risk USD neutral trades, emerging market (EM) currencies with funding from the EUR or low-yielding EM currencies.