Goldman Sachs

FX targets via market commentary

LIVE11 June 2026USD bearish

Goldman Sachs holds a bearish-USD view for 2026 — see its Dec-2026 currency targets, conviction trades and macro scenarios, or compare against the live cross-firm consensus →

Overview Forecasts Trades Currencies Scenarios Technicals Volatility EM Strategy Macro Quant

Macro Quant

Name: Investment Bank FX Research Directory
Creator: FX Bank Forecast
License: https://fxbankforecast.com/terms
Keywords: bank FX research, investment bank reports, FX strategy, institutional research directory, bank forecasts

Goldman Sachs quantitative FX strategy signals and factor analysis

Factor Signals

Key insight

2026 likely characterized by low CB activity initially, rising as BOJ normalizes. G10 carry and commodity ToT strategies favored early.

Strategy	Weak-Equity Regime	Strong-Equity Regime
G10 Carry basket	+•.•%	+•.•%
USD-trend overlay	-•.•%	-•.•%
EM real-yield basket	+•.•%	+•.•%
Vol-targeted FX	+•.•%	+•.•%
Value reversion	-•.•%	-•.•%
Momentum composite	+•.•%	+•.•%

15 strategies · 6 dollar drivers · regime-conditional factor analysis

6 insights · 15 strategies · 0 dollar drivers behind the gate.

FX BANK FORECAST · COVERAGE

Institutional FX coverage in your inbox

Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.