(Bloomberg) Goldman Sachs Asset Management is betting a rally that propelled the dollar to a seven-week high will fizzle. The money manager expects the Federal Reserve to forgo an interest-rate increase this week even after a report Friday showing U.S. inflation rising faster than economists forecast drove the greenback higher. Parent Goldman Sachs Group Inc. cut its forecasts for gains in the U.S. currency versus the yen, saying it is “not optimistic” about the outcome of the Bank of Japan’s policy meeting this week. Hedge funds and other speculative investors trimmed bullish dollar positions last week. The dollar fell against most of its counterparts Monday.
Goldman Asset Shorts Dollar as More Gradual Fed Tightening Seen
This entry was posted in Syndicated. Bookmark the permalink.
