Dollar-strength to continue, but scaling back euro downside – Goldman Sachs

The research team at Goldman Sachs,Fx STREET Delhi anticipate a strengthening of the Us dollar as the Us economy edges towards full employment with the inflation falling back to the Fed’s target.

Here is what Goldman say: “The resilience of the US economy in the face of dollar strength so far gives us confidence the Fed will tolerate further US$ strength. Against this, the dovish policy stance of the ECB and BoJ – and the distance they find themselves from their policy objectives – will likely see the EUR and JPY weaker vs the US$ in 2016. However, we have scaled back our expectation for EUR downside in the wake of the December ECB meeting.”

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