Goldman Knows Just What’s Needed To Pull The Rug Out For ‘King Dollar’
For the dollar to fall sustainably, the Fed will have to cut more aggressively than policymakers are likely to countenance.
That's the message from a new Goldman note out Thursday morning, which cites the greenback's safe-haven appeal and the rate differentials pillar (what Donald Trump was complaining about on Wednesday in his tweet about "the spread") in explaining why the dollar likely won't roll over absent a determined Fed.
"The global risk backdrop has weakened over the past couple of we
Excellent Post H…
J
In the vernacular this is called painting yourself into a corner…….