Hedge Funds Flip Bearish on Greenback as Goldman Sees Extra Declines

Goldman Sachs Group added its voice to a refrain of expectations of a weaker greenback after the US central financial institution’s clearest signal but that interest-rate cuts are coming.

The financial institution made sweeping modifications to its exchange-rate forecasts after the Federal Reserve signaled a more-rapid transfer to “non-recessionary” interest-rate cuts, Goldman analysts together with Michael Cahill wrote in a be aware on Friday.