Goldman Sachs raises 3- and 6-month EUR/USD forecasts to 1.0500 EURUSD Banks DollarIndex GDP
Analysts at Goldman Sachs are out with their revisions to the EUR/USD forecasts for the coming months."We are revising up our 3- and 6-month EUR/USD forecasts to 1.05 to account for the recent deterioration in the US growth outlook and less favorable tightening mix for the Dollar.”at 1.10; we expect that still-limited economic slack and rising recession risks cut against more meaningful Dollar downside.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs says generative A.I. could impact 300 million jobs — here's which onesArtificial intelligence could automate up to a quarter of work in the U.S., a Goldman Sachs report says. Here's the most affected sectors and countries.
Read more »
Goldman Sachs scraps plan to buy private jet equipped with a shower: sourceThe firm declined to exercise an option to upgrade either its Gulfstream G280 or its G650ER, Insider reported.
Read more »
Generative AI could affect 300 million full-time jobs, Goldman SachsAI systems like ChatGPT could impact 300 million full-time jobs worldwide, with administrative and legal roles some of the most at risk, Goldman Sachs report says
Read more »
Goldman Sachs names Michael Marsh as EMEA financing group head - memoGoldman Sachs Group Inc is shaking up the leadership ranks at its global financing group after the Wall Street bank merged its investment banking and trading business into a single unit.
Read more »
Pound Sterling: Bullish bias building up in six months – Goldman SachsAnalysts at Goldman Sachs have changed their call on the Pound Sterling from bearish to bullish, now targeting EUR/GBP at 0.8800 and GBP/USD at 1.1900
Read more »
Goldman Sachs says this energy stock is undervalued and poised for strong gainsGoldman Sachs is bullish on Marathon Petroleum, saying that as prices in the oil industry become more volatile, the company will continue to outperform.
Read more »