Dump the dollar: Goldman warns US currency could plummet
Investment banking giant Goldman Sachs has recommended short positions against the US dollar, arguing that the risks arising from Covid vaccine trials and the US presidential election are skewed to the downside for the greenback.
The bank’s analysts said in a note to investors that they saw “low odds” for the most dollar-positive outcome by the end of 2020, which are an electoral win by Donald Trump, combined with a meaningful delay to vaccine progress.
They also highlighted that closely-watched indicators, such as event-prediction markets and public models, now put the chances of a Democratic clean sweep or “blue wave” – winning the White House, Senate and House – at over 60 percent.
https://www.rt.com/business/503235-goldman-sachs-bets-against-dollar/