How US Elections Could Impact US Dollar: Goldman Sachs Expects Greenback Will Remain 'Stronger For Longer'
Portfolio Pulse from Piero Cingari
Goldman Sachs predicts the US dollar will remain strong regardless of the 2024 election outcome. A Republican sweep could lead to higher tariffs, boosting the dollar, while a Harris victory might initially weaken it. Global growth could also impact the dollar's strength.
October 22, 2024 | 2:06 pm
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The Invesco DB US Dollar Index Bullish Fund (UUP) could see continued strength as Goldman Sachs forecasts a strong dollar through the 2024 elections, especially under a Republican-led government.
Goldman Sachs' analysis suggests the US dollar will remain strong, which directly impacts UUP, an ETF that tracks the dollar's performance. A Republican sweep could lead to higher tariffs, boosting the dollar and UUP.
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IMPORTANCE 70
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