After the Fed's big rate cut, Goldman Sachs is bearish on the US dollar, but Deutsche Bank is calling for a Trump victory to boost a strong dollar
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Goldman Sachs predicts that after the Fed rate cut, the US dollar will continue to weaken, with the Euro/USD expected to rise by 2.67% and the GBP/USD to rise by 4.47%. Goldman Sachs believes that the overvaluation of the US dollar will not be eroded rapidly, but the weakening trend will be gradual. In contrast, Deutsche Bank believes that if Trump wins the election, it will push the US dollar to appreciate, and the market has underestimated its positive impact on the US dollar
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