Foreign exchange analysts at Goldman Sachs expect that U.S. Dollar strength in global currency markets will last longer than forecasted previously. The Euro to Dollar (EUR/USD) exchange rate dipped to 5-month lows at 1.06 last week before a tentative recovery to 1.0650. Goldman has lowered both the 3 and 6-month EUR/USD forecasts to 1.05 from 1.08 and 1.10 respectively while the 12-month forecast has been cut to 1.08 from 1.12. Goldman Sachs has based its forecast of modest dollar depreciation in 2024 on improved conditions outside the US together with a slowdown in the US economy. Given recent developments, Goldman ... (full story)