This from Robin Brooks, Silvia Ardagna, and Michael Cahill at Goldman Sachs,
via eFX
we
think the "Dollar down" rhetoric says more about the constraints facing
President Trump, rather than likely outcomes. After all, a policy mix
that combines fiscal stimulus and protectionism is hard to reconcile with
a weaker currency, even if that is what the new administration wants.
Goldman Sachs asks: Why is the USD falling? Is this the end of its bull run?
