The firm highlighted the Norwegian krone as the currency of choice for betting against the dollar.
Goldman recommended shorting the USD/NOK pair at 8.75 krone per dollar, with a stop at 10.25 krone per dollar.Economic reopenings outside the US are lifting foreign currencies and creating a strong opportunity for some bets against the dollar,Cash assets served as an initial safe haven for investors as the coronavirus spread throughout the US in March and fueled new recession fears.
Short-selling involves borrowing an asset, selling it at market price, and buying it back at a lower price to profit the difference. Shorting the dollar can be done through a range of currency crosses.
What would a sudden 25% drop in the value of the US Dollar do to the global economy?
Margin Call for Goldman
Donald Trump was taken to an underground Bunker during protests over the death of GeorgeFloyd
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