22 November 2022 | Macroeconomics | CEOs

The dollar will weaken against Asian currencies, according to Goldman

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.

Company MarketCheese
Buying EURUSD on weak US PCE
Today at 09:06 AM 3
Selling US gas and waiting for the price to move to the level of 1.85
Yesterday at 11:21 AM 44
USDJPY on the verge of decline due to increased risk of currency intervention
Yesterday at 10:05 AM 53
Japanese Ministry of Finance intervention risk is rising
Yesterday at 08:40 AM 32
EURUSD rebound has already exhausted most of its potential
24 April 2024 40
Selling USDCAD at the trend support level of 1.3545 amid strengthening of the Canadian currency
24 April 2024 107
Go to forecasts