Gold Silver Reports — Dollar may not Tumble, says Goldman Sachs — Goldman Sachs Group is telling clients not to fret about a sharp selloff in the dollar as the Federal Reserve re-examines the path of interest rates.
The market is already far more dovish than policy makers, the bank says. The greenback weakened for a second week after minutes of the Fed’s July meeting showed officials are divided on the timing of the next rate increase. Yet, markets continue to be a step ahead of policy makers, analysts wrote, limiting the prospects for a tumble in the dollar. — Neal Bhai Reports