Economics
Goldman Sachs Cools on Long-Dollar Trades as Reflation Wanes
- Closes long dollar versus euro, sterling, yuan trade
- Uncertain outlook for U.S. expansion, Trump weak-dollar bid
This article is for subscribers only.
Goldman Sachs Group Inc. has finally dumped the dollar.
The U.S. investment bank closed one of its top trade recommendations for 2017 -- long-dollar positioning against the euro, the sterling, and the Chinese yuan -- citing a slowdown in the reflationary momentum in the U.S. economy.