🟡 Goldman Sachs: the dollar has not yet bottomed out — new risks ahead 📉
— Chief economist of Goldman Sachs Jan Hatzius warned: the decline of the dollar is far from over, writes Reuters.
📉 What is happening:
— In April, the dollar fell by more than 4.5% — a record drop since the end of 2022
— Since the beginning of the year, the dollar index has lost 8% against a basket of global currencies
— Historically, after similar situations, the dollar has fallen another 25–30%
💬 Goldman Sachs' opinion:
"The recent 5% decline in the broad dollar index is not yet exhausted".
⚡ Reasons for pressure on the dollar:
— Trade wars and recession risks
— Decreased demand for American assets
— Slowdown of the US economy growth to 1.8% by 2025 (according to IMF data)
🧠 Important:
— The weakening of the dollar does not yet threaten its status as the main reserve currency
— But the flow of capital into the US must remain stable — otherwise, the dollar will struggle to maintain its position
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