Goldman Sachs expects the dollar to continue its decline against Asian currencies
2025-05-14 00:09:10
Goldman Sachs said the likely direction for the USD/Asian currency pair remains downwards following recent trade negotiations. It said that despite the recent progress in trade negotiations between China and the United States, the main themes of the market have not changed. These themes are: the gradual diversification of investment from US assets should continue; Asian exporters should continue to convert dollars into local currencies; if the Asian region conducts trade negotiations with the United States, its currency depreciation may be more difficult. (Jin Ten)
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