观点金融市场

The dollar has further to fall

Demand for US assets cannot keep up with supply without a weaker currency

The writer is chief economist at Goldman Sachs

I admit it: I often dodge questions about the dollar. A large body of academic literature and my own experience as an economic forecaster have taught me that predicting exchange rates is even harder than predicting growth, inflation and interest rates.

But with all due humility, I believe that the recent dollar depreciation of 5 per cent on a broad trade-weighted basis has considerably further to go.

您已阅读9%(448字),剩余91%(4313字)包含更多重要信息,订阅以继续探索完整内容,并享受更多专属服务。
版权声明:本文版权归manbetx20客户端下载 所有,未经允许任何单位或个人不得转载,复制或以任何其他方式使用本文全部或部分,侵权必究。
设置字号×
最小
较小
默认
较大
最大
分享×