🚨Euro could fall 10% on Trump tariffs, tax cuts, Goldman says 📉
Goldman Sachs strategists believe the factors supporting the US dollar's strength over the past decade are reinforced, but the upcoming US election could significantly impact its future trajectory. A Republican sweep may trigger stronger dollar gains through tariff hikes and tax cuts, while a divided Republican government would see a smaller rally. In contrast, a Democratic government may lead to an initial dollar decline due to tariff changes.
Currencies like the Mexican Peso, Chinese Yuan, Euro, South Korean Won, and Australian Dollar could benefit from policy shifts. The Chinese Yuan may weaken further under increased US tariffs. While there are upside risks for the dollar, the outcome could be affected by China's economic stimulus.
#KVB# #Currencies# #ChinaEconomy# #US# #USeconomy# #trumpsupportersprotest# #TrumpImpeachment# #FlashNews# #BrokerNews# #euro# #eurofalling# #Eurozone# #FlashNews#
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.