Goldman Sachs is out with its near-term forex outlook

Goldman Sachs is out with its near-term forex outlook

Source: EODHD - https://www.investing.com/news/forex-news/goldman-sachs-is-out-with-its-nearterm-forex-outlook-4142779
Published: Jul 20, 2025 6:21 AM

Investing.com - Goldman Sachs believes the U.S. dollar’s recent firmness shows signs of vulnerability that may signal an eventual reversal of its tactical bounce. The investment bank notes that renewed outperformance of U.S. assets has helped drive the dollar’s recovery, which presents the biggest risk to their longer-term bearish view on the currency. The US Dollar Index is up 1.7% in July after losing around 12% in the first six months of the year. However, Goldman expects more balanced global returns should encourage continued diversification away from U.S. assets amid elevated policy uncertainty. "We are less convinced that the Dollar’s reaction to tariff news has flipped again," strateg...

Market context: This update is relevant to AUD traders, with AUDUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.