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19 Nov 2018
Goldman Sachs sees broad-based US dollar decline next year
The US investment banking giant Goldman Sachs published its macroeconomic outlook report for 2019 on Monday, with the key highlights found below.
Expects a broad fall in the dollar next year as the US economic growth slows to be more in line with the global average.
Revises it long-standing bearish view on the Japanese yen
Expects Latin American currencies, the Swedish krona, Canadian, Australian, and New Zealand dollars and Israeli shekel to rise.
Most near-term upside among major currencies is tipped to be the Canadian dollar, Australian dollar, New Zealand dollar.
Latin American currencies should outperform its emerging market peers next year; Chilean peso having the best scope to rise.