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#1 18-12-2014 16:55:38

johnedward
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From: Paris - France
Registered: 21-12-2009
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EUR/USD, USD/JPY: Goldman Sachs aims for 1.15 and 130 by end of 2015

EUR/USD, USD/JPY: Goldman Sachs aims for 1.15 and 130 by end of 2015


http://www.forex-central.net/forum/userimages/GoldmanSachs.jpg


In its latest report on the weekly Global economy, Goldman Sachs argues in favour of the rise of the dollar in 2015, calling the current situation of the dollar, the "glory days" of the dollar and recommends that customers remain bullish on the dollar.

Strength of the Dollar:

"Expectations of a rising dollar remain the focus of our macro strategy. The rise of the dollar is still modest, there is still potential, even if we are at the high achieved since 2009."

http://www.forex-central.net/forum/userimages/goldmansachsforecast.png


"If we look to the past at vigorous eras of the dollar (1980, 1990), we are trying to identify the catalysts of this increase in order to understand what could push the dollar today.

GS believes that monetary normalisation and above average growth are the drivers this time (productivity gains in 1990, Fed method changes in 1980).

By the end of 2015, GS aims for 1.15 on the EUR/USD and on the 130 USD/JPY.


"Anything worth having is worth going for - all the way." - J.R. Ewing

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