Goldman Sachs sees broad dollar decline next year

By Kitco News / November 19, 2018 / www.kitco.com / Article Link

LONDON, Nov 19 (Reuters) - Investment bank Goldman Sachssaid on Monday it expected a broad fall in the dollar next yearas U.S. economic growth slows to be more in line with the globalaverage.


Goldman said the view meant it had revised it long-standingbearish view on the Japanese yen and tipped Latin Americancurrencies, the Swedish krona, Canadian, Australian, and NewZealand dollars and Israeli shekel to rise.


"We see several changes to the global economic backdropwhich, combined with a few negative medium-run factors, point tomore downside than upside to the broad dollar in 2019," Goldmansaid in a macroeconomic outlook report for 2019.
(Reporting by Marc Jones; editing by Helen Reid)

Messaging: marc.jones.thomsonreuters.com@reuters.netTwitter@marcjonesrtrs)) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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