Goldman Sachs: USD is ready to leap

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Goldman Sachs: USD is ready to leap

16-01-2025 15:25

Goldman Sachs: USD is ready to leap

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Goldman Sachs: USD is ready to leap

The American currency is predicted to soar! Currency strategists at Goldman Sachs believe the dollar will strengthen by about 5% early this year.

According to Goldman Sachs, a strong US economy and higher tariffs will drive a 5% rise in the dollar's value. Analysts at the bank suggest that the tariffs promised by US President-elect Donald Trump could spark inflation. If that happens, the Federal Reserve will not be able to ease monetary policy.

Optimism about the US dollar will dominate in early 2025. Goldman Sachs says the greenback gained momentum following the release of positive US economic data. Recent reports show a sharp increase in employment, reflecting a stable job market in the United States. This strengthens the greenback’s prospects against the euro and other currencies.

Interestingly, back in February 2024, experts at investment bank Citi also predicted a 5% jump for the dollar. That forecast was tied to Trump winning the presidential election. What a coincidence. A similar USD trend was observed in 2016 when the Republican took over the White House.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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