Goldman Sachs: Global central banks starting an interest rate cut cycle will benefit the strengthening of the US dollar
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Goldman Sachs analysts pointed out that the global central banks' loose monetary policies will limit the downside risk of the US dollar from the Fed's rate cuts. Analysis shows that rate-cut cycles since 1995 have typically been associated with a stronger US dollar. Despite market expectations for rapid rate cuts by the Fed, if other central banks simultaneously ease policies, demand for the US dollar may be supported. The US dollar's status as a safe-haven currency may also strengthen due to global rate cuts, reflecting concerns about economic growth
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