According to Odaily Planet Daily, after the Federal Reserve's sharp interest rate cuts, Goldman Sachs expects the US dollar to gradually weaken as yields lose their appeal. Goldman Sachs has raised its forecasts for major currencies such as the euro, pound and yen.
The dollarâs ââhigh valuation wonât be eroded quickly or easily, but the bar has been lowered somewhat, Goldman Sachs strategists Kamakshya Trivedi and others wrote in a report.
Based on its latest forecasts for the dollar, Goldman Sachs now expects GBP/USD to reach 1.40 in 12 months, up from 1.32 previously. This is the first time the outlook has reached this level since 2021.
