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Goldman Sachs Revises U.S. Dollar Forecast, Euro Strengthens
Goldman Sachs Revises U.S. Dollar Forecast, Euro Strengthens
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Goldman Sachs has scrapped its euro-dollar parity call in a sharp reversal of its U.S. currency outlook. The euro’s rally reflects Europe’s escalating defense expenditures and shifting macroeconomic currents. Analysts now project the common currency to hit $1.01 within six months—a marked upgrade from the $0.97 previously forecast. The revision aligns with similar adjustments by MUFG and TD Securities as markets reassess transatlantic economic dynamics. Defense budgets are emerging as an unexpected driver of currency flows, with European fiscal policies rewriting traditional FX playbooks.
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