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- Goldman Sachs discusses its new forecasts for EUR/USD.
- "We are revising up our 3- and 6-month EUR/USD forecasts to 1.05 (from 1.02 previously) to account for the recent deterioration in the US growth outlook and less favorable tightening mix for the Dollar," GS notes.
- "And, we are maintaining our 12-month forecast at 1.10; we expect that still-limited economic slack and rising recession risks cut against more meaningful Dollar downside," GS adds.
