GS strategists say they expect little downside for the USD in the near term.
They reason that as global growth news is not likely to be so positive that it weighs on the US dollar.
GS strategists forecast:
- EUR/USD to 1.10 in the next three months
- DXY to 99
Favour pro risk trades, USD neutral trades.
Favour EM currencies with funding from EUR or low yield EM currencies.