A client note from Goldman Sachs with revised currency forecasts.

Despite the USD move today GS is looking for a lower US dollar ahead.

12-month forecasts:

  • EUR/USD 1.28 (from 1.25 previously forecast)
  • AUD/USD 0.81 (0.77)
  • USD/CAD 1.20 (1.25)
  • USD/CNY 6.20 (6.30)