Global Times Financial Comprehensive ReportOn April 28, financial blog ZeroHedge cited a Goldman Sachs report stating, "Don't be fooled by the short-term reprieve." The firm warned that "the weakening of the US dollar is not a fluke but a structural trend." In a recent research note, Goldman analyst Rikin Shah emphasized that markets are far from being out of the woods, as the negative impact of tariff policies on the US economy is likely to become more pronounced between mid-May and early June.
In addition, Reuters previously reported that Jan Hatzius, Chief Economist at Goldman Sachs, said the US dollar would decline further, severely hit by uncertainties over US tariffs and fears of an economic recession.
The report also noted that Deutsche Bank believes the euro could rise from its current level of $1.13 to $1.30 by the end of this decade as the U.S. dollar loses favor. (Wen Hui)