Reported 1 day ago
Goldman Sachs chief economist Jan Hatzius forecasts that the dollar, weakened by U.S. tariff uncertainties and recession fears, has significant room to fall further. The dollar has already dropped over 4.5% in April and 8% this year against other major currencies. Hatzius suggests that while a weaker dollar could narrow the trade deficit by boosting exports, reduced foreign investment in U.S. assets could counteract those benefits. He emphasizes that predicting exchange rate fluctuations is complex but believes the dollar could depreciate by another 25-30% based on historical trends.
Source: YAHOO