Goldman Sachs is certainly bullish on the US economy and the consequent US dollar strength. They see more “glory days” for the greenback and set targets for EUR/USD and USD/JPY: Here is their view, courtesy of eFXnews: In its last ‘Global Economics Weekly’ note for this year, Goldman Sachs makes the case for a stronger USD in 2015 calling the current episode of USD strength ‘glory days’, and advising clients to stay strategically bullish on the greenback next year. The following are the key points in GS’ note along with its latest foretastes for EUR/USD and USD/JPY. USD strength to extend: “The expectation that USD strength will extend remains a core element of our macro and market views. While the real trade-weighted USD is now at its strongest since 2009, the move is still quite modest when viewed in the context of real USD moves in the post-Bretton Woods era,” GS clarifies. Different USD drivers in different decades: “Looking back at previous episodes of USD strength (the 1980s and 1990s), we try to identify what has driven the Dollar higher in the past, with an eye to understanding what may be driving the Dollar higher currently. While neither historical analogy is exactly right, elements of both analogies currently seem to be in play,” GS adds. Current US exceptionalism is, in good part, relative: “Current US exceptionalism is, in good part, relative. In terms of both policy outcomes and growth outcomes, expectations for the US are not particularly dramatic. We do not expect a 1980s-type sea change in Fed behaviour, nor do we expect a 1990s-type productivity boost. But the gradual tightening in monetary policy, say, and the expected steady above-trend growth patch in the US are set against other DMs, where policy is turning accommodative and growth outcomes remain below-trend and continue to slip, ought to sustain USD strength,” GS argues. EUR/USD, USD/JPY Forecasts: For end-2015, GS targets EUR/USD at 1.15, and USD/JPY at 130. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next EURUSD has more room to fall; USDJPY could extend gains Gregor Horvat 8 years Goldman Sachs is certainly bullish on the US economy and the consequent US dollar strength. They see more "glory days" for the greenback and set targets for EUR/USD and USD/JPY: Here is their view, courtesy of eFXnews: In its last 'Global Economics Weekly' note for this year, Goldman Sachs makes the case for a stronger USD in 2015 calling the current episode of USD strength 'glory days', and advising clients to stay strategically bullish on the greenback next year. The following are the key points in GS' note along with its latest foretastes for EUR/USD and USD/JPY. USD strength to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.