Reminder - Goldman Sachs expects the US dollar has further to fall ...Middle East

“I often dodge questions about the dollar. A large body of academic literature and my own experience as an economic forecaster have taught me that predicting exchange rates is even harder than predicting growth, inflation, and interest rates.”

But ...

“I believe that the recent dollar depreciation of 5% on a broad trade-weighted basis has considerably further to go”

but will make US exports relatively cheaper

The U.S. economic slowdown is further compounding the dollar's woes, and does not see much relative improvement saying that the its not likely that the US economy will outperform.

This article was written by Eamonn Sheridan at www.forexlive.com.

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