American investment bank Goldman Sachs thinks that buying the Russian ruble and Mexican peso in 2016 for the South African rand and the Chilean peso will be among the six most profitable trades in global financial markets, Bloomberg reports. The bank forecasts that the currencies of Russia and Mexico are to strengthen notably in the coming year, and the monetary units of the Southern African Republic and Chile are set to lose in value. According to analysts of the bank, the most gainful deals will be to buy the US dollar for the euro and the yen. Thus, the rally of the dollar in global markets is likely to extend next year. Besides, the lending institution recommends buying inflation-protected government bonds instead of their conventional equivalents. Last year, analysts at Goldman Sachs predicted that the euro would fall to 1.15 against the US dollar. Eventually, the US currency rose even higher and at some point the euro was trading at 1.04 per dollar. On November 20, the euro was worth 1.07 dollars in the global currency market.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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