© Reuters. FILE PHOTO: Illustration photo of a U.S. Dollar note
NEW YORK (Reuters) – It is too early to declare the dollar is heading into a protracted decline despite experiencing a rough 2017 especially against the euro, Goldman Sachs (N:GS) analysts said on Wednesday.
“But we are not yet ready to call for sustained (dollar) weakness,” Goldman Sachs senior economist Zach Pandl and chief emerging markets macro strategist Kamakshya Trivedi wrote in a research note. “Instead, we see a mixed outlook for the greenback, with gains against some crosses and losses against others.”