Reported about 1 month ago
Goldman Sachs warns that the euro could depreciate by as much as 10% if Donald Trump wins the upcoming U.S. presidential election and implements his proposed tariffs and tax cuts. This scenario could lead to a significant rise in the dollar's value, influenced by potential increases in tariffs and domestic tax reductions, creating a boost in inflation and higher interest rates in the U.S. The analysis comes as Trump competes closely with Democratic Vice President Kamala Harris.
Source: YAHOO