"Foreign Exchange" Goldman Sachs: The market shifts to focus on growth risks, and the dollar's upward momentum may slow down

Goldman Sachs foreign exchange strategists stated on Tuesday that the market focus has shifted from the inflation impact caused by the Iran conflict to economic growth risks, which may slow the dollar's upward momentum.

Goldman Sachs strategist Isabella Rosenberg pointed out that if the market pays more attention to downside growth risks, it will weaken the overall strength of the dollar against G10 currencies, with safe-haven currencies like the yen and Swiss franc performing better.

At the same time, if the market turns to growth concerns, the outlook for emerging market currencies may also significantly deteriorate. However, Goldman Sachs still expects the dollar to maintain an upward trend against G10 currencies, although the increase is unlikely to sustain the strong momentum seen in March