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

FX Volatility

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 volatility outlook, carry-to-vol analysis, and event risk

Carry-to-Vol Screen

Overview

Subdued but set to rise as dollar decline accelerates · Expect gradual vol normalization in 2026 as USD trends emerge · Low (2-3 decile) early 2026, rising to 4-5 as BOJ normalizes

10 carry pairs · 7 FXO themes · 3 event risks

10 carry pairs · 7 FXO themes · 3 tracked events behind the gate.

FX BANK FORECAST · COVERAGE

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