Goldman Team Wary on Dollar Breaks From Market Full of Bulls
- Slowing U.S. growth and inflation to limit gains, Goldman says
- Rabobank, MUFG among bank strategists bullish on outlook
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Goldman Sachs Group Inc. is calling time out on the dollar’s recent rally, pitting itself against a market largely dominated by bulls.
Strategists at the Wall Street behemoth argue the greenback’s recent strength is going to peter out as U.S. economic growth begins to slow, bolstering the case for an extend period of loose monetary policy from the Federal Reserve. The greenback hit a nearly three-week high on Tuesday.