Proceed to count on broad US Greenback weak spot in 2021 – Goldman Sachs

As per the most recent evaluation from Goldman Sachs, the bank stays snug with its optimistic international development views for the 12 months 2021. The identical favor them to maintain their bearish outlook for the US greenback.

The bank expects EUR/USD to achieve traction from the presently 1.2070 in direction of 1.2500 by March and 1.2700 till June earlier than reaching 1.2800 on the finish of 2021.

It was additionally talked about that  USD/JPY can ease from 103.87 presently to 103.00 until March after which to 102.00 by June forward of revisiting the 100.00 threshold by December 2021.

It ought to be famous that the US bank additionally favors the Australian and Canadian {dollars} versus the US forex.