Goldman Sachs Group Inc. adheres to the bullish outlook for the dollar. Current opinion - the most optimistic in the last 4 years - on AMarkets materials.
In dollars now is not the best of times. Bloomberg Dollar Spot Index Index that assesses the dynamics of USD against a basket of 10 key currencies, fell 3.5% from February, 29th. At the same time the Fed lowered its forecast for the number of episodes of increasing interest rates in 2016. Interestingly, GS experts are more optimistic - they are waiting for 3 episodes of increasing rates. At the same time, according to the CFTC, the volume of bets on the appreciation of USD against key currencies fell to 2014 lows.
Analysts at Goldman hopes that the Fed will certainly help in the case of subsidence USD currency against the euro and the yen. Currently on the market there is a trend of massive sales of US Treasuries by central banks.But most of the experts believe that this fact will not be able to harm any American debt, or USD. What concerns the mass "plum" Treasuries - sold bonds immediately bought by US corporations. Yes, and, after all ... Bonds held until expiration and no matter how many hands they will change up to this point, the essence does not change.