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22 November 2022 | Other

The dollar will weaken against Asian currencies, according to Goldman

USDSGD

Goldman Sachs forecast the growth of the US dollar against Asian currencies. If the situation with the Fed’s interest rates will get clear during the first half of 2023, the strengthening of the dollar must stop. In that case, the U.S. currency will gradually begin to decline. 

According to Sunday's note from analysts (including Danny Suwanapruti), pinpointing an exact time for the dollar to peak will be difficult. However, the currency must rise to its highest level as final rates emerge. After the dollar's reversal, differences in current account balances will lead to various tendencies in all Asian currencies (despite Japanese yen).

Bloomberg reports the U.S. Bank remains optimistic about the Singapore dollar.

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