Lates News

Goldman Sachs said that after recent progress in trade negotiations, the trend of the US dollar/Asian currencies may continue to be downward. Goldman Sachs also said that the trend of gradually moving away from diversification in US assets investments should continue. After years of accumulating US dollars, Asian exporters are likely to continue converting their holdings of US dollars into their local currency. If Asian countries negotiate trade with the United States, it may be more difficult for regional currencies to depreciate.