Goldman Sachs: Expects the US Dollar to Continue Its Decline Against Asian Currencies
According to a report by Jinse Finance, Goldman Sachs stated that after recent progress in trade negotiations, the likely direction for the USD/Asian currency pair remains downward. It noted that despite recent progress in trade negotiations between China and the United States, the main themes in the market have not changed. These themes are: the trend of gradually diversifying investments away from U.S. assets is expected to continue; Asian exporters are likely to keep converting dollars into local currencies; if the Asian region engages in trade negotiations with the United States, currency depreciation may become more difficult. (Jin10)
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