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Dollar loses a long-time bull as Goldman cuts outlook

Published 06/16/2017, 11:03 AM
Updated 06/16/2017, 11:03 AM
© Reuters.  Dollar loses a long-time bull as Goldman cuts outlook
  • With global growth stronger and more synchronized than expected, the dollar's bull run doesn't have much longer to go, say Goldman Sachs (NYSE:GS)' Michael Cahill and Zach Pandl. The pair so they can no longer describe themselves as outright dollar bulls.
  • They lift their estimates for the euro (NYSEARCA:FXE) and pound (NYSEARCA:FXB), but interestingly leave the yen out. Not seeing any change in ultra-loose BOJ policy, the team expects the dollar to rise to ¥120 by the end of 2018 and ¥125 by the close of 2019.
  • Source: Bloomberg
  • ETFs: UUP, FXE, EUO, FXY, YCS, FXB, UDN, ERO, USDU, JYN, GBB, DRR, ULE, YCL, EUFX, URR
  • Now read: U.S. Dollar: Watch For Rising Volatility


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