FX trade ideas from Goldman Sachs
Since the dovish shift from the FOMC last month, the Dollar against the majors has fallen back towards the bottom of the range that it has traded in over the past year. Global equity markets have failed to benefit from what has been a string of dovish central bank meetings, which makes sense to us. After all, the dovish shift from the Fed comes at the expense of Europe and Japan, places that arguably need growth much more than the US.
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