Investing.com – The U.S. dollar has been one of the success stories of the year so far, and Goldman Sachs has updated its forecasts, leaning into the direction of the greenback being “stronger for longer.”
The influential investment bank wrote, in a note dated April 19, that as we move into the second quarter, ongoing upgrades to already-robust U.S. growth forecasts give the FOMC the luxury of a later and more gradual policy adjustment.
The bank’s economists still expect that policymakers in most other developed market economies will begin the cycle sooner with sequential rate cuts.
“This opens some…
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