Goldman abandons bullish dollar trades after Trump comments

Reuters/Patrick Graham/04-18-17

Goldman Sachs abandoned the two strong dollar plays in its 2017 trading recommendations on Tuesday, pointing to the Trump administration’s concerns over the strength of the currency and improvement in growth in rival economies.

“… a number of fundamentals have changed on the margin, such that the long-Dollar story no longer warrants a place among our ‘Top Trades’.”

PG View: If the dollar is out, it begs the question: Is gold in?

This entry was posted in U.S. Dollar. Bookmark the permalink.

Comments are closed.