Goldman Sachs Warns Multi-Year US Dollar Depreciation Incoming

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Banking titan Goldman Sachs believes the US dollar’s poor performance over the last few months is just the beginning of a downtrend that will likely last for years. In a new podcast, Goldman Sachs chief economist and head of global investment research Jan Hatzius calls the US dollar the “dog that didn’t bark.” Hatzius says the US economy has stabilized since April, when the stock market plunged amid Trump’s trade war. However, he points out that the dollar has continued to weaken, depreciating e...