Goldman Sachs recommends shorting the euro against the Australian dollar, citing expectations that the AUD will outperform other currencies.

Goldman Sachs expects the euro to fall against the Australian dollar to its lowest level since early 2023. Europe is grappling with energy price shocks, while the Australian dollar is benefiting

Global Market BriefingSep 7 08:32

Is this true?: Goldman Sachs' trading views on the Japanese yen, US dollar, euro, and Asian currencies

Key Views Japanese Yen (JPY): Tactical Bullish. Shorting USD/JPY as a hedge. The likelihood of domestic policy shifts in Japan is increasing, including expectations of a rate hike by the Bank of Japan (BoJ) in September and reports that the government is encouraging the Government Pension Investment Fund (GPIF) to increase its allocation to domestic assets, both of which support yen strength. Although the global macroeconomic backdrop continues to pose headwinds for the yen, the positive impact of domestic policy pivots is becoming evident. Shorting USD/JPY has become a more attractive hedging tool for risk portfolios, and Japanese authorities have both the capacity and willingness to reduce short yen positions through intervention. US Dollar (USD): Affected by

CSOPSep 5 03:51

ECB Foreign Exchange Reference Rates - Sep 04

Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro. US Dollar USD 1.1622 Japanese Yen JPY 181.59

Dow JonesSep 4 21:55

Australian Dollar Gets Lift From Fading Fed Hike Bets

The Australian dollar rallied to its highest levels since mid-May on Friday, as bets on a coming interest rate increase by the U.S. Federal Reserve eased somewhat.

WSJSep 4 13:59

ECB Foreign Exchange Reference Rates - Sep 03

Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro. US Dollar USD 1.1615 Japanese Yen JPY 181.21

Dow JonesSep 3 21:55

ECB Foreign Exchange Reference Rates - Sep 01

Following are European Central Bank foreign exchange reference rates. All currencies are quoted against the euro. US Dollar USD 1.1590 Japanese Yen JPY 185.63

Dow JonesSep 1 21:55