Author: Anya Andrianova

[ad_1] (Bloomberg) — Add Goldman Sachs Group Inc. to the rising pack of greenback pessimists within the aftermath of Wednesday’s large inflation report. The buck will proceed to ease at a reasonable tempo, boosting currencies beneath stress from the Federal Reserve’s aggressive coverage tightening, from rising markets and the Swedish krona to the Japanese yen, per Goldman. “The greenback has bought off sharply in response to cooler inflation and anticipation of a extra affected person Federal Reserve stance past July,” wrote Goldman analysts Michael Cahill, Isabella Rosenberg and Teresa Alves in a Thursday notice. “We predict this will lengthen as a result…

Read More