Goldman cuts short dollar call as US yields spoil bet

SourceEmirates Business
SectorFinancial Markets
CountryMiddle east

Bloomberg Almost six months after Goldman Sachs Group Inc recommended shorting the dollar, it’s calling it quits on the trade. In a note titled “tactical retreat,” Goldman’s currency team closed its recommended short greenback position against a basket of Group-of-10 commodity currencies, including the Australian and New Zealand dollars. The firm joins hedge funds and ... ...read more...