Thursday, August 14, 2008

Stabilizing U.S. economic growth, falling oil prices and a deteriorating outlook outside the United States have led Goldman Sachs to abandon its ten-year bearish stance on the U.S. dollar.

Goldman says U.S. dollar has bottomed, euro to fall

In a research note on Thursday, the largest U.S. investment bank said the dollar's long-term downtrend has ended and its undervaluation could lead to a substantial improvement in the U.S. balance of payments position.

Posted by big chris @ 08:55 PM (455 views)
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