One being portfolio hedging flows, in which they see erosion of institutional independence in the US has reduced investor appetite for dollar-denominated assets. In turn, that is helping to bolster hedging demand as investors want to diversify their portfolio away from the greenback. As such, these flows will act as a sustained headwind for the dollar so long as the policy path in Washington continues to stay the course.
In that sense, Goldman Sachs is highlighting that these adjustment flows has to happen beyond Europe in order for the dollar weakness to persist for longer. And with China's increasing presence and role to fill that space, it opens up the pathway for the greenback to slide further.
This article was written by Justin Low at investinglive.com.Hence then, the article about structural drivers poised to reinforce continued weakness in the dollar goldman sachs was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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