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Goldman Sachs flags shrinking supply shock in USD outlook, sees delayed dollar weakness - Investing.com Nigeria
At a Glance
The desk interprets Goldman Sachs' analysis of a diminishing supply shock in the USD outlook as indicative of delayed weakness in the dollar. Per the full note source, with supply concerns easing, traders should be prepared for a more gradual depreciation path for the dollar rather than an immediate decline. This thesis finds resonance amid near-term economic indicators suggesting that shifts in supply chains could mitigate inflationary pressures, allowing for a more stable dollar environment. As we look ahead, the absence of significant catalyzing events in the upcoming weeks provides the backdrop for such a gradual adjustment in dollar value.