Goldman Sachs outlook for currencies in the year ahead
Risks to the dollar are arguably skewed to the downside, and we would pivot to a more bearish outlook if we were to see
As Goldman Sachs pointed the risk aversion for the dollar to the downside ans which may implacable for gold rates ahead as their correlation is in inverse.
Secondly they said
(i) a more robust recovery in the Euro Area and the More rates cuts from fed
The recovery from euro area and the ongoing Brexit collectively may go in favour of euro so for this
the Goldman showing the strength over the next year euro in currency exchange market.
The rates cycle from US is going to flow for reversing ans the further rates cut possibility shown by Goldman Sachs in their Statement.
Permanence Of Yen Pairs
|Jpy Crosses Monthly and Weekly Performance Source Bizasis|
In the left Side we may see the Yen crosses and from that we have some points to mark.
- Monthly Performance looks worst for yen pairs as Yen is strongly lost against USD. again
- Without a strong statement from BOJ or japan Government bears wont step back in Yen.So the rallies could sustain.
- The surge of Almost 4% This Month in USD to Yen.