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“We are still in the lower US dollar camp” – Goldman Sachs

In a Bloomberg interview, Zach Pandl, Co-Head of Global FX and Emerging Market Strategy at Goldman Sachs,  expressed his take on the US dollar in the coming months.

Key Quotes:

“The US joins Asia factory rebound.

Too risky to bet on the Yuan appreciation in the short term.

We are still in the lower US dollar camp.

Slower US economy and Fed to remain on hold

Fundamentally the US dollar looks weaker.

Narrow ranges for most currencies among developed market exchange rates.

Short USD against the Emerging Market (EM) currencies.

Aussie dollar to move beyond 0.7500 amid a pickup in the Chinese economy.

Yuan is pretty stable, looks higher amid a potential US-China trade deal and growth in the Chinese economy.

We are in the last leg of the US-China trade negotiations.”

FX Street

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