© Reuters
Yingwei financial investment – Goldman Sachs said the dollar will continue to rise next year.
Goldman Sachs strategists led by Dominic Wilson said in a research note that the dollar still has plenty of room to rise as the US economy and job market show resilience as other central banks struggle to keep up with hikes in Fed rates.
In their report, they expect the dollar’s rise to be unstable.
Entering 2022, the US dollar index rose 10.95% due to the Fed’s sharp rate hike, but Fed officials still maintain a tough and aggressive stance.
Goldman Sachs expects the US to avoid a full-blown recession, with only a 35% chance of one happening in the next 12 months.
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